(Bloomberg) – Actions have increased in Asia as well as term contracts on European and American markets after US President Donald Trump sought to reassure a business round table on the economy prospects and the measures he takes to stimulate growth.
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Actions have progressed in Japan, Hong Kong and South Korea, while Australian actions have dropped, the S&P / ASX 200 reference index hovering near a correction after the country has not obtained an exemption from the United States on the prices of steel and aluminum. Treasury bills and a dollar strength gauge increased before reading consumers later Wednesday.
The future for the S&P 500 and the Nasdaq 100 won after Trump said that he did not see an American recession, minimizing Wall Street tremors around his trade war. CONTRACTS for Europe jumped up to 1% after Ukraine accepted an American proposal for a 30 -day truce with Russia.
Trump’s pricing policy, geopolitical realignments on Ukraine, sticky inflation and the unknown pace of interest rate reductions in the federal reserve have struck the markets this year, leaving American actions on the verge of correction. The VIX gauge in stocking of stocks has been hovering near its highest since August, while a similar measure for treasury bills has been at unbeathed levels since November while market players remain nervous as to American economic growth.
“Any relief of all this geopolitical noise is a good thing for the markets at the moment,” said Ken Wong, specialist in Asian action portfolio at EastSpring Investments. The news about a ceasefire in Ukraine and the emergency services in pricing tensions between the United States and Canada they help, he said. “Things are quite different just eight hours ago.”
Trump told senior executives gathered at a round table meeting that he put a priority for quick approvals, in particular with regard to environmental regulations, and soon planned to announce a large electricity project, according to a person familiar with the session. He also reiterated a suggestion that a company’s commercial taxes could be reduced if it manufactured its products in the United States.
Market forecasters in banks, including JPMorgan Chase & Co., Goldman Sachs Group Inc. and RBC Capital Markets have tempered bullshit calls for 2025 while Trump prices attract fears of slowing down economic growth and investors question the high assessments of major technological shares. The strategists of Citigroup Inc. have degraded their point of view on American actions with neutral overweight, and Goldman reduced its S&P 500 end -of -year objective to 6,200 to 6,500.
Trump tried to amortize the concerns of a recession in the American economy.
“I don’t see it at all. I think this country will explode, “he told the White House. He added that the markets will go up and that they will go down. But you know what, we have to rebuild our country. »»
In geopolitics, less than two weeks after Trump castigated the Ukrainian president Volodymyr Zelenskiy in an oval office confrontation, the American president exerted pressure on Russia to accept a cease-fire agreement with the advisers of Zelenskiy.
The agreement concluded in Saudi Arabia with American and Ukrainian negotiators for a 30 -day stop in the conflict, which started with the large -scale invasion of Russia three years ago, is now based on Russian President Vladimir Putin.
The White House has also confirmed that 25% of steel and aluminum prices would take effect on Canada and other nations, while Trump has fell a threat to impose 50% tasks on the largest metals of the American trading partner.
The yield on Australian bonds at 10 years old has climbed seven base points at the start of negotiation, according to American movements. The 30 -year -old Japanese yield has also increased to the highest since 2006.
Chinese actions remain an objective because investors continue to turn to the actions of the country of their American peers. A gauge of Chinese action registered in Hong Kong increased by 20% this year despite the threat of new American rates. The talks between the United States and China on trade and other questions are blocked at lower levels, both parties, not agreeing on the best way to proceed, according to people familiar with the issue.
“Business stability on the Chinese real estate market and government efforts to revive the wealth effect in the system will support consumption,” said Rajiv Batra, head of JPMorgan Asia and co-responsible for the global capital strategy of emerging markets. “And remember, China still has a dry powder.”
On Wednesday, on consumer inflation in the United States, economists planned that it remained high last month after a sharp increase in January, adding evidence that progress on taming prices have been blocked. The consumer price index is observed progressing by 0.3% in February after a gain of 0.5% at the start of the year.
The markets “will be wary of new signs of sticky prices”, said Kyle Rodda, principal analyst at Capital.com in Melbourne. “Additional evidence of inflation has remained at the current levels will arouse the concerns that the Fed will lack the room for maneuver to reduce rates if Trump’s economic policies cause a precipitable slowdown in economic growth.”
Do the prices count more than the Fed for the American stock markets in 2025? Share your point of view in the last MLIV Pulse survey here.
Key events this week:
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Canada rate decision on Wednesday
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American CPI, Wednesday
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Industrial production of the euro zone, Thursday
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US PPI, initial unemployment complaint on Thursday
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Feeling of consumers from the American University of Michigan on Friday
Some of the main market movements:
Actions
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Tower contracts on S&P 500 increased by 0.3% to 12:03 p.m. Tokyo time
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The Japan Topix increased by 0.9%
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Australia S&P / ASX 200 dropped by 1.4%
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The Hang Seng of Hong Kong increased by 0.2%
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Composite Shanghai has changed little
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Euro Stoxx 50 Contracts in the long term increased by 1%
Currency
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The Bloomberg Dollar spot index increased by 0.1%
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The euro dropped by 0.1% to $ 1,0905
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The Japanese yen dropped 0.2% to 148.03 per dollar
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The Yuan Offshore has changed little at 7.2241 for a dollar
Cryptocurrency
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Bitcoin dropped from 0.5% to $ 82,341.98
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Ether dropped from 2.3% to $ 1,892.04
Bonds
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The yield on treasury bills at 10 years has changed little at 4.27%
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Japan’s 10 -year yield has advanced 2.5 basic points at 1.530%
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Australia’s 10 -year yield has advanced eight base points at 4.45%
Goods
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The West Texas Intermediate Brut increased 0.7% to $ 66.70 per barrel
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Gold at point increased by 0.1% to $ 2,919.43 per ounce
This story was produced with the help of Bloomberg Automation.
– With the help of Matthew Burgess, Chris Bourke and Abhishek Vishnoi.
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