The world tactics mainly rose on Tuesday, with the financial markets twitching the armpits of the US tariff prints to its trading partners.
In the early European trade, Germany’s DAX rose 0.2% to 24,112.38. Great Britain FTSE 100 rose by 0.2% higher to 8,822.09. France CAC 40 violates 0.1% to 7,716.19.
The futures for the S&P 500 added 0.1%. The future futures for the Dow Jones Industrial Average violated 0.1%.
In Asia, Japan’s Nikkei added 225 0.3% to 39,688.81, while the South Korean Kospi rose by 1.8% to 3,114.95.
Hong Kong’s Hang Seng Index rose by 1.1% to 24,140.13, while the Shanghai Composite increased by 0.7% to 3,497.48. Australia S&P/ASX 200 returned 0.1% lower to 8,590.70.
The shares on Wall Street closed far lower on Monday than the White House increased the pressure on large trading partners before the customs duties raised by the USA came into force.
Because of its greatest loss, the S&P 500 has been 0.8%since mid -June. The benchmark index remains near its all-time high set last week.
The Dow Jones Industrial Average returned 0.9% during the Nasdaq Composite also ended 0.9% lower and not too far from its own record high.
The losses were widespread. The decliners were superior to almost 4 to 1 on the New York stock exchange.
It came after the Trump administration Published letters The information from Japan and South Korea that their goods will be taxed from the 1st August from 25%, citing ongoing trade weights with the two decisive US allies in Asia. US President Donald Trump also announced new tariffs in Malaysia, Kazakhstan, South Africa, Laos and Myanmar.
Shortly before high US tariffs for goods that were imported from almost every country around the world came into force in April, Trump postponed the taxes for 90 days in the hope that foreign governments would be more willing to increase new trade agreements. This 90-day negotiation period should run before Wednesday.
In a contribution in his social media platform on Sunday, Trump also said every country that matches what he describes as “Anti-American Politics of the Brics” would be raised an additional tariff of 10%. The BRICS memberships include Brazil, Russia, India, China, South Africa, Egypt, United Arab Emirates, Ethiopia, Indonesia and Iran. Saudi Arabia was also invited to join.
“The financial markets responded to Sanguine Mode to news about higher US tariffs,” wrote Chris Turner, the Global Markets Head of Markets, in a comment. “Probably the view is now that further offers have to be completed before the deadline of August 1st.”
He said that the stock markets have recovered most of their initial losses, hardly moved the bond markets and came back to FX, Asian currencies.
In other shops on Tuesday, the benchmark US raw oil lost 29 cents to $ 67.64 per barrel. Brent Crude, the international standard, gave up 18 cents to USD 69.40.
The dollar was traded on the Japanese yen at 146.17, compared to 146.01 yen. The euro rose from USD 1.1714 to USD 1.1752.
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The AP business author Alex Veiga contributed to this report.
