Take a look at the day ahead of European and global markets by Vadia Rangananan
It is too early to say “Salud”, but Sunday begins with something reconciled messages from US President Donald Trump, coming immediately after the Fed’s cheerful assessment of the economy.
The future of the S&P 500 is in the light of light on Friday when Trump hinted flexibility. But after the first two months of power – including the tariff hits of China, Mexico and Canada – traders are shy about betting that Trump is ready to reduce the deals.
Trump said he plans to talk to Chinese President Si Jinininping and that the head of US trade this week will talk with his Chinese counterpart.
US Republican Senator Steve Dines and heads of several foreign companies, including Apple and Pfizzer, met with Chinese vice president, he was confident on Sunday’s business potential.
The announcement of the Global Procurement Index (PMI) index (PMI) will be seen on Monday, which probably confirm the sudden impetus for fiscal policy for German, French and other European economies.
And, in the weekend news, Bloomberg announced that the United States hopes to reach an agreement for a Russia-Ukrain ceasefire by April 20, while Trump said efforts to calm the conflict were “something under control”.
However, despite all this, markets remain hung on Trump’s proposed reciprocal tariffs for trading partner countries.
According to the latest accounts, tariffs are immediate and effective immediately, especially 15% of countries with the highest tariffs and large amounts of US trade, for which Finance Secretary Scott Besen is referring to the “dirty 15”.
The European Union is in a post-mood and delayed the first counter-measures against the United States by mid-April.
This means that 50% tariffs on us bourbon, wine, toilet paper and other products are considered.
France and Italy, the largest wine exporters in the United States, want to avoid a trade war, as well as Prime Minister Mikel Martin of Whiskey-Export Ireland, who was pleased with Europe, decided to “respond strategically wisely”.
In addition to PMIS, the rest of the week has a preferred inflation of the US Federal Reading Reserve, inflation data in Australia and Japan, updating the UK budget and high earnings in China.
Fed officials said last week the US economy was strong, but supported the cautious approach to politics because of economic uncertainty.
In the new markets, the turkey lira is on the brink of a knife as a prison by President Tayyip Erdogan’s main rival is upset investors.
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