Trump persists and signs on prices, panic continues on the markets
This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress / Radio-Canada
The markets in Asia-Pacific unscrew on Monday in the face of the inflexibility of the American president Donald Trump on the customs duties he imposed on the rest of the world, suggesting a new planetary black day.
Falls of 7 % in Tokyo and Singapore, 6 % in Sydney, almost 10 % in Taiwan and 5 % in Seoul: the first scholarships to open after the entry into force on Saturday of American punitive customs duties were taken to panic, at the time when several countries seek, each on their side, to convince Mr. Trump to save them.
Over 50 countries started negotiations with Washington, the White House economic advisor Kevin Hassett said on Sunday. A universal rate of 10 % on imports is imposed since Saturday in the United States and the specific customs duties that Donald Trump announced this week is due to come into force on Wednesday.
The term contracts on the main indices of the New York Stock Exchange were clear on Sunday, suggesting a new fall on Monday from Wall Street, still shaken by the Customs Rights Wave announced by Donald Trump.
Around 6:00 p.m., shortly after the recovery of these contracts, at 5:00 p.m., that relating to the Dow Jones fell by 3.89 %, while that of the enlarged S&P 500 index flanked by 4.39 %.
The Dow Jones remains on a dropout of 9.26 % on the two sessions of Thursday and Friday, and the S&P 500 of 10.52 %.
Out of these two days the American square has erased more than $ 6000 billion in market capitalization.
As for the barrel of oil West Texas Intermediate (WTI)Main American variety, for delivery in May, reference deadline, it released 3.31 % to 59.94 dollars.
He went on Sunday under 60 dollars, for the first time since April 2021.
American black gold has lost more than 16 % since Wednesday.
It is the worst debacle that we have ever seen on the markets because it was self-administered by Trumpcommented on Saturday, analyst Dan Ives, from the cabinet Wedbush Securities.
The logic of temporary painthat Donald Trump defends, anticipating a medium -term recovery, is completely wronghe added
The presentation of customs taxes, which threaten to shake up the World Trade Order as never in the modern era, has panicked the financial markets.
Wall Street had not known such an earthquake since the first days of the coronavirus pandemic in March 2020.
