Donald Trump is not willing to grant truce to investors. When the markets were trying to assimilate their, the US president has re -raised the flag of protectionism. The commercial truce and the advance of the negotiations between the US and its business partners had allowed the bags to overcome the scare of the Liberation Daybut analysts already warned: the improvisation of the White House made it difficult to sing victory.
On a day in which investors expected a lower activity due to the proximity of the feast of the Memorial Daythe Republican has once again used social networks to move forward and the EU. The bags that in recent weeks had recovered strongly, feel the pressure again. European indices record losses of more than 2% while Wall Street starts the day with cuts that are around 1%. The falls of this Friday added to the descents of the previous sessions in which the fixed income put the markets again, carry the US Variable Income to register losses close to 2.5% in the week, the worst record since mid -April.
Trump has said he studies. The European stock markets, which had tried the comeback from the first hour, have turned around and record losses of more than 2%. The IBEX 35 is not left out. The Y, in addition to saying goodbye to the 14,000 points, says goodbye to the profits in the week.
In parallel to threats to Europe, the Republican has put Apple in the center of La Diana. “I have been informing Apple for a long time that I hope the iPhone that will be sold in the US will be manufactured here and not in India or any other place. If not, Apple must pay a tariff of at least 25%,” said the president in the social network Truth.
The warning revives tensions about the dependence of the technology company of its supply chain in Asia, just when it tries to diversify production outside of China. The response of investors has not been long in coming. Apple yields 3% and says goodbye to the three billion value in the stock market. Today only Nvidia and Microsoft keep this brand.
Generalized falls
In the markets of the Old Continent, red numbers affect all sectors, being bank entities and car manufacturers the most affected. Among the car, Stellantis, Ferrari, Mercedes-Benz and BMW register falls greater than 3%. Meanwhile, in the financial sector, BBVA leads the cuts by leaving 3.5%.
As happened with the announcement of the commercial truce, the new tariffs arrive in full shaking in the debt market. and the growing concerns about the sustainability of public finances had led investors to accelerate the sale of American bonds. In the last sessions, the debt profitability at 30 from the world’s first economy had climbed at 2022, with a dollar that had weakened up to 1.13 units per euro.
After, the levies resurrect the fears of recession among investors. The managers are detaching from the shares and accelerating the purchase of bonds, especially those of the euro zone. As a result of that greater demand, the profitability of the Spanish debt at 10 years falls from 3.2% while that of Germany’s titles is replicated to 2.5%. The US UU reference balances over 5%.
As the course of the White House becomes more erratic, Europe is becoming perceived by markets as a somewhat more stable option. To the expectations generated by him, he adds a political framework that tends to give less flying and the conviction that the ECB could act if the situation worsened. Unlike the United States, where the prices in the euro zone. This gives more maneuver to Christine Lagarde to accelerate the reduction of types to contain the impact of tariffs.
– – – –
