In response, the EU, composed of 27 countries, He suspended his own plans to impose retaliation tariffs on some American products and proposed zero tariffs for all industrial products on both parties.
Apple, a separate chapter
As if that were not enough, what precedes, Trump, in addition, published in Truth Social The iPhone sold in the US must be manufactured in the country and, if not, “Apple must pay a tariff of at least 25 %.”
In the midst of the commercial war, the president directed a second attack directly against Apple, the second largest company by capitalization value that lies in the US shareholding market. “Currently, much of production occurs in China, although Apple started a transition to India.
Estimates indicate that moving manufacturing to the United States could make the price of the iPhone more to 250%, ”according to analysts. This Trump measure against Apple would be the first towards a specific company in its tariff deployment this year. As a result, the shares of Apple (-3%) fell dramatically.
Way to feat cuts at the end of this year
The concern for the fiscal health of the country aggravated economic uneasiness, given the uncertainty about the commercial policies of the Trump administration.
The governor of the Federal Reserve, Christopher Waller, declared Thursday that It still provides for a path to interest rate cuts at the end of this year. “If we manage to reduce tariffs about 10% and everything is ready for July, we will be in good shape for the second half of the year and, later, we will be in good position to advance with the feat cuts during that period,” Waller said.
In addition, the markets were relieved by a ruling of the Supreme Court that declared the uniqueness of the Federal Reserve, discarding the possibility that Trump dismissed its president, Jerome Powell, whom the president has repeatedly pressed to reduce interest rates.
Wall Street, some of the most outstanding actions
In the corporate sector, Tesla (-2%) He monopolized the attention after a report indicated that his Chinese rival of electric vehicles, Byd, surpassed him in sales for the first time in Europe.
A report from the analysis firm Jato Dynamics indicated that ByD enrolled 7231 drum vehicles in Europe, exceeding 7165 units registered by Tesla.
Byd sales occurred despite the fact that the European Union imposed strong import tariffs on Chinese electric vehicles last year.
On the other hand, the actions of Ross Stores They collapsed 10% after the chain of discount stores published some forecasts for the second weakest quarter than expected, citing concern for tariffs and macroeconomic uncertainty.
Deckers Outdoor Corporation It collapsed 19.8% after the UGG boots manufacturer said it would not provide annual objectives due to macroeconomic uncertainty generated by tariffs, also net sales are expected for the first quarter below the estimates of analysts.
On the other hand, the actions of Intuit They shot 8.2% after the software group raised their forecasts for the whole year and publish an optimistic perspective for the current quarter, since the solid tax season promoted the demand for their Turbotax and Quickbook software
Among the actions that were most appreciated appearMerus (+32.3%), OKLO (+26.7%), Uranium (+24.7%), Nuscale Power (+21.2%and Regionll (+20.7%).
While the most resigned value found, Deckers (-19.8%), minis (-17.9%), Pony (-17%), Booz Allen (-16.4%) and Work Day (-11.8%).
Market closure in Europe
In the old continent, European actions closed with strong falls. The Stoxx 600 Paneuropeo Index (.stoxx) fell 0.9% and registered its first weekly decline in six weeks and its greatest daily fall since April 9.
An indicator of the eurozone shares (.stoxxe) suffered a more pronounced decrease of 1.5%, while the falls in the FTSE 100 of London (.FTSE) were more moderate, since the country signed a commercial agreement with the US at the beginning of the month. The Euro Stoxx Volatility Index (.V2TX) shot at its highest level in more than three weeks.
Stoxx 600 had managed to recover since its fall in early April after trade agreements between the US and some commercial partners calmed the tensions. This Friday, the automobile and spare parts sector (.sxap), that is expected to be the most beaten by tariffsled the general falls with a decrease of 3.1%. Banks, sensitive to the economic cycle (.sx7p), retreated 1.8%, while the index of luxury goods (.stxuxp) dropped 2.7%, due to its high exposure to the US market.
The German Dax (.gdaxi) index fell 1.5% after having been close to reaching an earlier historical maximum in the day, when it was published that the country’s economy grew significantly more in the first quarter than previously estimated. The indexes of France (.fchi), Spain (.ibex) and Italy (.ftmib) fell more than 1% each.
The performance of European government bonds at 10 years fell along with that of its American couple, given increasing concerns about a slowdown in economic growth.
The operators began to bet on more interest rate cuts from the European Central Bank, hoping that the deposit rate reaches 1.60% in December from 1.72% prior to Trump’s comments.
The British Investment Platform AJ Bell (AJBA.L) rose 8.4% after reporting a 12% year -on -year increase in their earnings before taxes in the first semester, benefited by a greater activity of its customers.
Source: Ambito
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