Following Wednesday’s explosive rise, New York again opened with a significant decline today, with investors appearing cautious due to many still in force.
Around 17.00 (Greek time) the Dow Jones industrial index fell by 2.21%, the NASDAQ index of high -tech companies by 3.53%and the enlarged S&P 500 index by 2.82%. Yesterday, Nasdaq closed with an increase of more than 12%.
Patrick O’Heir, an analyst at briefing.com, said that the “retreat” today “is not surprised”. Taking into account Wednesday’s significant profits, many investors believed that they have won a “gift” that allows them to sell today, “knowing that the uncertainty about duties and the economy has not been resolved” with US President Donald Trump’s announcements.
The suspension of duties for 90 days announced by Trump on Wednesday, “is useful, but not a solution to uncertainty,” O’Heir summarized.
Christopher Lowe, FHN Financial, told the French Agency that “the suspension of duties is quite small” and to support a dynamic rise to Wall Street will need to “agree agreements” with a number of countries.
The price of oil also falls. Around 18.15 (Greek time) the Brent of the North Sea tradition of June was 3.59%to $ 63.13 a barrel. The American WTI, a May tradition, was down 4.06%, at $ 59.82 a barrel.
The dollar has accelerated its fall and reached the lowest point against the French franc for a decade. Around 118.05 he fell 2% against the euro and 2.8% against Francus Switzerland.
Strong rise to European stock markets
The main stock market indicators of European stock markets were closed today, reacting positively to the suspension announced yesterday by the US president of most of his duties imposed on dozens of countries, US trade partners.
The CAC 40 on the Paris Stock Exchange closed 3.83%, the DAX index, the Frankfurt Stock Exchange with +4.53%, the FTSE 100 with +3.04%in Milan with the FTSE MIB with +4.73%in Milan.
The sinking of stock markets was converted into euphoria after Trump’s spectacular conversion to duties with the announcement of their suspension for dozens of countries other than China.
