The nerves are in the leather and concerns about the resurgence of the commercial war between the United States and China continue to make a dent in the markets. European stock markets try to limit hysteria this Friday and dodge the descents of the eve in Wall Street -around 3.5% -. Ibex futures rise 0.7% and those of the EURO STOXX 50 advances close to 1%. The German Dax points to 0.9% profits in pre -opening and British FTSE anticipates a 0.7% rise. Asia registers strong falls, given the widespread bewilderment by the bands of President Donald Trump in commercial policy. The distrust of the US economy is increasing. After the 90 -day suspension of the application of tariffs, which caused historical profits in the main indexes of the United States on Wednesday, a new twist with respect to China acute the concern: the Trump administration said that the increase in tariffs on the Asian giant will be 145% in total. Agitation continues and operators fear that geopolitical turns and reprisals will become the usual tonic. The dollar falls to the euro and the pressure on the American fixed income is maintained, while the oil is stable. Anxiety continues to dominate the markets, and the sensation is that at any time you can know measures or decisions that move the quotes sharply upwards or the loss. American futures rise around 0.6%, after Thursday’s falls. In this context of instability, the operators continue to bet on assets considered refuge such as the Swiss Franco, Yen and Gold.
The alarms are maintained on the American fixed income, where the storm does not recess and the sale of treasure bonds accelerates this Friday. Prices and yields fall – which move the price in reverse – rise. The type types of 10 years advance 7 basic points today and are located at 4.46%, compared to 3.99% of last Friday’s closure. In the week, therefore, the performance has increased 46 basic points, the greatest increase in more than two decades, since 2001, according to Reuters data. The performance of the Spanish bonus rises a point and is placed around 3,319% and that of the German is stable at 2.59%.
With strong fluctuations, the weekly balance in the week for Ibex is negative but with limited decreases. The index goes around 0.9%
In the currency market, the dollar sharpens its weakness against the euro. The American currency falls 1% and each euro costs $ 1.13, after collapsing yesterday 2.4% in its worst day in 10 years. Analysts point out the strong sale of this week’s treasure bonds and the weakness of the dollar as signs of loss of investors in the world’s largest economy. “Clearly there is an exodus of US assets. A fall in the currency and bond market is never a good sign,” said Kyle Rodda, market analyst. “This goes beyond considering the slowdown in growth and commercial uncertainty,” he adds. The Yen and the Swiss Franco advance positions against the dollar with half -point increases.
As for raw materials, oil rises 0.8% and each barrel of Brent costs almost 64 dollars, specifically 63.87. The price of gold increases by 1% and stands again in a maximum zone, in $ 3.212.
In Asia, the Nikkei, leads the losses with a 4%setback, after registering a rise of more than 9%on Thursday. In South Korea, the Reference Index of the Seoul Stock Exchange, the Kospi, loses around 2%. The Chinese bags, which fueled at the beginning of the week, maintain the type thanks to the support announced by the State and the plans for repurchase of shares launched by large companies of the Asian giant. Beijing raised yesterday from 34% to 84% the taxes to the goods from the US and announced that the number of American films that are exhibited in their territory in retaliation for the measures of the North American country will reduce.
“Investors still feel uncomfortable, because they do not know the final result,” says Paul Nolte, senior patrimonial advisor of Murphy & Sylvest.
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