In Wall Street The actions rose this Wednesday, but in Europe The markets record generalized falls, in the midst of a context of uncertainty before the announcement of the president of the United States, Donald Trump, about New reciprocal tariffswhich could unleash a new commercial war. He dollar fell in front of a seal of coins, while the Gold was appreciated and quoted near its historical maximum.
Trump will add new tariffs About aluminum, steel and cars, in addition to the increase to levies on Chinese products, which generates concern about a possible slowdown in the global economy. In this scenario, the president of the European Central Bank (ECB), Christine Lagarde, warned that the impact It will be “negative worldwide.”
Markets for expectation and reaction of currencies
In Wall Street, the Dow Jones Index of industrialists It bounced a 0.6% to 42,225.32 points; he S&P 500 A advance 0.7% to 5,670.88 points and the Nasdaq Composite one was appreciated 0.9% to the 17,601.05 points.
From the Trump government they ensure that the new tariffs will immediately take effect, which generates more tension in the markets. “Investors will be nervous before the announcement,” he said Carol KongCommonwealth Bank of Australia’s foreign exchange roller.
A employment survey in the private sector of the United States showed an increase of 155,000 in the number of payroll workers, above a forecast of an increase of 115,000. The data had little impact on set of markets.
Given uncertainty, dollar index lost 0.6% to 103,34 units, while euro He went down to U $ S1,0827 and the pound sterling He stood in U $ S1,2982before the announcement of the White House.
He Dollar subtracted 0.3% against Yento 149,24 units, since investors opted for a safe asset such as the Japanese currency.
The US Treasury Bonus Profitability 10 years dropped to 4.127%, after falling to 4.133% on Tuesday, its lowest level since March 4.
He Gold priceconsidered a safeguard against financial and political tensions, climbed 0.3%, 3,133.03 dollars The ounce, just below the historical maximum reached on Tuesday.
Possible economic consequences
The details about the magnitude of the new rates are not yet clear, but according to The Washington Post, The US government could establish a 20% tariff for almost all countries. “While this could strengthen the dollar, the market fears that the measure will accelerate the Risk of stanflation in the US“He explained Chris WestonPepperstone Research Chief.
Recent data indicate that the American manufacturing sector contracted in March, while inflation in the industry reached its highest level in three years. “Prices rise due to the uncertainty of tariffs, which affects demand,” Wells Fargo analysts said.
Impact on Europe and commercial tension
European stock markets opened with moderate losses: the Stoxx 50 He gave up a 0.4% and the Dax from Germany a 0.7%. In Madrid, the Ibex 35 It rose 0.4%, while London, Paris, Frankfurt and Milan also register declines.
From the Spanish government, Pedro Sánchez He convened a meeting with businessmen and unions to evaluate the situation. Bankinter analysts warned that “if the commercial war intensifies, the European Union could retaliate, especially affecting Germany.”
For its part, Lagarde insisted that “tariff climbs usually lead to negotiations,” although he acknowledged that “uncertainty about the future commercial agreement with the US is greater than ever.”
With the markets on alert and the dollar strengthening, the attention is put in the reaction of global economies to Trump’s new protectionist strategy.
Source: Ambito
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