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The global markets fell on Monday, with American actions on the right track for their worst quarter since 2022, on the fears of an escalation of the trade war led by President Donald Trump.
The S&P 500 fell 0.8% in New York, having already dropped by more than 5% this quarter. Heavy nasdaq composite in technology fell 1.9%.
European and Asian actions Were also decreasing, accelerating a sale that started last week after Trump said that the reciprocal commercial tasks he should announce on April 2 would apply worldwide. The STOXX 600 index at a wide -based European was 1.4%lower, while the FTSE 100 lost 0.9%.
“We see another wave of sales led by us,” said Trevor Greetham, multi-active chief at Royal London Asset Management. “There was no Trump relaxation.”
American technology shares were struck on Monday, the course of the NVIDIA flea manufacturer’s action dropped by 4.8% and Tesla losing 6.6%. The president announced last week a rate of 25% on imports of cars and foreign manufacturing parts, which would affect the manufacturer of electric cars.
Companies oriented consumer and other economically sensitive actions also behaved badly, the international group of airlines dropped by 7.1% and United Airlines dropped by 6.7% in the middle Concerns concerning the request for theft.
Trump’s pricing threats also had a great impact on the industrial product sector. Anglo American, listed in London, fell 5.1%, while Glencore lost 3.2%and the BHP dropped by 3.8%.
“I do not necessarily see the soil yet,” said Sharon Bell, a strategist for senior actions at Goldman Sachs.
The American investment bank has increased its tariff expectations, while demoting GDP forecasts for the United States and Europe. It is now prices in a more aggressive reciprocal rate of 15% between the business partners of Washington, and sees a higher probability of an American recession.
The price threat “increases the risk premium that you will put on the actions,” said Bell, although she added that the US stock market has “other problems – some of the Doge Cups, for example, and the general slowdown in the growth rate”.
Gold increased up to $ 3,128 per ounce Troy, a new record, while yields of the US treasury decreased, in a sign that investors accumulated in safe assets. The 10 -year yield, which passes inversely at prices, dropped from 0.03 percentage points to 4.22%.
The last movements occurred after Trump approached Air Force journalists on Sunday, saying on the prices: “You would start with all countries, so let’s see what’s going on.” Last week, he referred to the concessions of certain countries.
The American president distinguished Asia for its business practices. “Take a look at trade with Asia. I wouldn’t say that anyone has treated us fairly,” he said.
The chaotic deployment of Trump’s aggressive trade program disrupted the markets and alarmed the trade partners of the United States, many of which have threatened to retaliate.
The American president said that Wednesday that he had nicknamed the “Liberation Day”, he will impose samples from any country that the White House judges having a unfair commercial relationship with the United States.
Charles de Boisssezon, head of the global strategy of equity at Société Général, said that cyclical actions, whose performance tends to fluctuate with the economy, suffered. “It is much more uncertainty generally heavy on the feeling of investors,” he said. “THE [tariff] The announcements continue to change, but what they have in common is that [they’re] Simply not good for growth worldwide. »»
The S&P 500 lost almost 2% on Friday last week. Nasdaq composite focused on technology slipped 2.7% as Dark data on the economy And consumers’ feeling has raised fears of stagflation.
In Asia on Monday, the Japanese reference Topix dropped by 3.6% and the 225 exporter -oriented Nikkei slipped 4.1%. South Korea Kospi dropped by 3%, while Hang Seng from Hong Kong fell 1.3%.
“Many investors are [waiting] So that the real prices are announced, relaxing their positions and achieving the gains, “said Wei Li, responsible for multi-active investments for BNP Paribas in China.” This announcement rate. . . affected all the feeling of the market. »»
The dollar increased 0.3% compared to a basket of its main business partners. Having strengthened after Trump’s elections on the anticipation of prices fueling inflation, the greenback has weakened this year while investors are more careful about the impact of the trade war on the American economy.
