The aggressive offensive, much harder than expected, has fallen as a jug of cold water in the markets. In Europe, the bags correct about 2% and collect the impact the impact that rates can mean on the slowdown in the European economy, which have managed to moderate at some times. The German Dax is left 2.3%, while the EURO STOXX 50 cuts 2.7%, the French CAC yields 2.6%, the Italian MIB decreases 2.3%and the British FTEse remains 1.6%. The United Kingdom is benefited from rates of 10%, less than 20% imposed on the European Union. Minors are the losses of the Spanish Stock Exchange, where IBEX 35 limits its 1.6%drop. The red numbers of Europe follow Asia’s negative trail, where Tokyo’s Nikkei has dropped 2.77% and Hong Kong Hang Seng has left 1.52%.
The Trump’s declaration of commercial war seems only the beginning. The president of the European Commission ,. Meanwhile, the Chinese government has urged the United States to cancel “immediately” the new levies of 34% on Chinese products, which add to 20% that the US president imposed previously. Specific tariffs for each country or economic bloc, which rise to 20% in the case of the European Union, will begin to be applied as of April 9, while a 10% base tariff will be effective since Saturday, April 5. Trump argues that these measures will cause companies to transfer their production to the US and generate jobs, while experts warn of the threat of world economic recession and an increase in inflation and cost of life. “This is a turning point, not only for the American economy, but for the world economy. Many countries will probably enter into recession,” said Olu Sonola, director of Fitch Ratings. Commercial partners are expected to respond with countermeasures that could cause a drastic increase in prices.
The shaking also reaches currencies and debt. The scale against the dollar 2% and is at levels not seen since September. Each European currency changes $ 1,105. The profitability of the 10 -year American treasure bonds falls more than 12 basic points to a minimum in five months, up to 4.06%. Markets discount a greater probability of cuts in interest rates in the US, although it is estimated that tariffs cause an abrupt increase in inflation. Tariffs imposed by Donald Trump also impact raw materials, especially oil, given the perspective that the commercial war brakes world trade and causes recession in some of the great powers. Brent oil barrel falls more than 4%, until it is 71.6 dollars, and West Texas (WTI) goes back 4.7% to $ 68.3.
The tariff plan met on Wednesday with European bags and Wall Street already closed. Before knowing the details, the New York parquet ended in green, but for the opening of this Thursday. The futures of the S&P 500 mark decreases of 3.1%, those of the Dow Jones lower 2.8%and those of the Nasdaq go back almost 4%. Investors bet on sales in operations out of time and especially punish technological and automotive values. 25% tariffs for cars imported by the US have entered into force this Thursday. The components manufactured by Mexico and Canada are exempt from tariffs, while manufacturers of Japanese, South Korean and German vehicles are among the most affected by the measure.
Before the tariff Arsenal, which disrupts world trade and supply chains, investors prepare for a slower economic growth in the US and take refuge in the Yen. The precious metal reaches a historical maximum above $ 3,160.
“The US effective tariff rate above all imports is the highest in more than a century,” says Ben Wiltshire, Citi Operations Strata. “The tariffs are much greater than we expected. Before there was talk of whether the clarity would boost the market. But now there is clarity nobody likes what he sees,” says Reuters Jeanette Gerratty, chief economist of the firm Robertson Stephens. “The revealed tariffs far exceed reference expectations, and if they are not negotiated quickly, the recession expectations in the United States will increase drastically,” says Tony Sycamore, IG Market Analyst. “A supply shock will be produced through tariffs on the US economy and prices. And then there is uncertainty about companies and consumers, factors that could be problematic for growth,” said Tai Hui, head of the head of market for Asia-Pacific of JP Morgan Morgan Asset Management.
What values are the ones that go up or lower?
: -4,65%
IAG: -4,5%
: -3,6%
Bankinter: -3.7%
Acerinox: -3,6%
Those who go up the most:
: 3,4%
: 2,
Cellnex: 2,9%
KEYS OF THE DAY
- The president of the United States, Donald Trump, to all imports and will punish the countries and blocks with which he has a higher commercial deficit, including the European Union, to which he will apply 20%. To its main business partners will apply rates much larger than expected: European Union (20%); China (34%); Japan (24%); Vietnam (46%); Taiwan (32%); India (26%); South Korea (25%); Thailand (36%); Switzerland (31%); Indonesia (32%); Brazil and the United Kingdom (10%), among them. The list covers about 200 countries. For now, Canada and Mexico are still subject to the national emergency related to fentanyl and migration, so that the new regime is not applied.
- The president of the European Commission, Ursula von der Leyen, said Thursday that the new tariffs announced by the White House for most of its commercial partners, which affect the European bloc by 20%. Von der Leyen has advanced that the EU prepares its answer “if negotiations fail.”
- The Spanish president, Pedro Sánchez, has announced that he will mobilize 14.1 billion euros against US tariffs. The president has denounced the “unilateral” attack of Washington with “unprecedented” tariffs.
- The impact of the commercial war could scratch between 0.4 and 0.8 points world growth this year, increase half point world inflation (four tenths in the EU) and end more than 300,000 full -time jobs in developed economies ,.
- “The worst economic nightmare in Europe has just been realized,” Ing economists have described in a published note in relation to news about US US tariffs.
- The public treasure has placed this Thursday 6,848,072 million euros in a statement of bonds and obligations of the State, in the planned average range, and has done so by cutting the profitability of investors in almost all the references issued, including those offered to a period of 3 and 7 years, according to the information published by the Bank of Spain.
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