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Global markets descended on Monday, with US actions closing their worst quarter of 2022, from fears of an escalating trade war led by President Donald Trump.
The S&P 500 declined by 1.5 % in Newoufor, after more than 5 % dropped this quarter. Nasdak’s technological heavy composite fell 2.4 %.
European and Asian stock They were also sharply reduced, accelerating the sale that began last week, after Trump said the reciprocal commercial duties expected to release on April 2 would apply globally. Europe’s 600 widespread index was lower by 1.7 %, while FTSE 100 lost 1.3 %.
“We see another wave of US-led sales,” said Trevor Holdham, head of multi-means at Royal London Management Management. “There was no discount from Trump.”
US technology actions were hit on Monday, with ChipMaker Nvidia stock price fell 4 %and Tesla lost 6.5 %. The president last week announced a 25 percent tariff for importing foreign cars and parts, which will affect the manufacturer of electric cars.
The companies facing consumers and other economically sensitive actions have also declined poorly, with the international airline group lowering by 7.4 % and United Airlines fall by 6.1 % in the midst of Concern about flight demand.
“I don’t have to see the floor still,” said Sharon Bell, an older Goldman Sachs Capital strategist.
The US investment bank has raised its tariff expectations as it degrades GDP for US and Europe. It is now appreciated in a more aggressive reciprocal tariff of 15 % with Trade Partners in Washington and sees a more likely US recession.
Tartinic protection “at risk is the premium you put on capital,” Bell said, although he added that the US Stock Exchange has “other problems – some of the reduction in the dumplings, for example, and the general slowdown in growth”.
Gold has risen even to $ 3,128 for an ounce of Troy, a fresh record, while US Treasury yields have fallen, with investors stacking in secure funds. The 10-year-old yield, moving the opposite of prices, fell 0.06 percentage points to 4.2 %.
The latest moves came after Trump addressed reporters at the Air Forces on Sunday, saying the tariffs: “You’ll start with all the countries, so let’s see what’s going on.” Last week he hinted at some countries.
The US president has set aside Asia for his trade practices. “Take a look at the trade with Asia. I wouldn’t say that someone was behaving properly,” he said.
The chaotic calculation of Trump’s aggressive trade agenda used markets and upset US trade partners, many of whom threatened to take revenge.
The US president said that on Wednesday, he called him a “liberation day”, he would impose taxes on any country the White House believes has an unjust trade relationship with the United States.
Charles De Boloseson, a global chief of capital strategy in Soci -Sauces, said cyclic actions whose performance tends to move with the economy suffer. “It’s much more uncertainty the overall weight of the investor’s feeling,” he said. “The announcements (tariffs) continue to change, but what they have in common is that (they) are not just good for growth globally.”
The S&P 500 fell almost 2 percent on Friday last week. Technologically focused Nasdaq Composite slipped 2.7 % as Dark data on the economy And the sentimental feeling of consumers has caused fears of staglation.
In Asia on Monday, Japanese benchmark Topix fell 3.6 %, and Nikkei 225 export -oriented slipped by 4.1 %. South Korea’s Korea fell 3 %, while Hong Kong’s Hong Seng withdrew 1.3 %.
“Many investors (wait) to publish real tariffs, rest their positions and benefit,” said Wei Lee, head of multi-funds for BNP Paribas in China. “This tariff announcement … influenced the whole sense of the market.”
The dollar increased by 0.1 % compared to the basket of its large trading partners. After strengthening Trump’s election to anticipate tariffs that fed inflation, the green stroke was weakened this year as investors become more concerned about the impact of the trade war on the US economy.
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