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Donald Trump's tariffs shaken the market on Monday, the US dollar rises rapidly, the Asian market has fallen, and the US inventory futures slide in a hurry, and how to impact on the largest trade partner in the United States. I will evaluate whether to do it.
The US dollar rose more than 1 % to the currency basket and sent a Canadian dollar to C $ 1.473 -the lowest level since 2003. Mexico currencies slipped to 21.15 pesos at more than 2 %, but the euro decreased by 1 %. 。
The US stock futures also decreased sharply, and the contract for tracking benchmark S & P 500 was less than 1.7 %, and 2.3 % of the contracts for tracking Nasdaq 100 were tracked. European futures also decreased, and EURO STOXX 50 fell 2.6 %.
Trump acknowledged that his tariffs could have “some pain” in a post on his social network, a true social. “But, he wrote it on Sunday.
The United States's two -year financial reasons has risen by 0.05 % to 4.25 %, and the yield for 10 years has decreased by 0.02 % to 4.52 %.
In Asia, Japanese stocks slipped. Nippon Switch 225, which has many exports, fell 2.4 %, and TOPIX dropped 1.9 %. The yen was reduced to 0.2 % for the dollar to 155.5 yen.
The royal yuan in China, which trades freely, slid 0.7 % to $ 1 on Monday morning. Hong Kong's hang -in index decreased by 1.8 %, led by Chinese companies listed on the territory. The stock market in mainland China is closed until Wednesday.
South Korea's KOSPI benchmark decreased by 2.2 %, and won decreased by 0.9 % to $ 1, to Win1,468.8. In Australia, the S & P/ASX 200 index decreased by 2 %.
Weaker currencies can help you offset part of the impact of tariffs.
“There was an optimism in the market [tariff threats] Jason Lui, the head of the Asia -Pacific fairness and derivative strategy of BNP Paris, states:
Sudden decreases have been imposed on Saturdays with 25 % of tariffs on all imports from Mexico and Canada, and 10 % of the new tariffs on Canada's energy and 10 % of new tariffs on imports from China. It was brought. He threatened the taxation of the EU last week.
Economist warns that customs duties are likely to accelerate US inflation. This is a push -up of the Ministry of Finance and dollars following the November Trump election.
“The most clear dollar is the stronger dollar,” said Eric Winograph, Chief Economist in Alliance Bernstein. “Long dollars are the cleanest and most clear expressions of the current trade war.”
“The most suffering currency is the currency that imposes tariffs,” said Winogram, saying, “There are good cases where the stock market is a little struggling.”
Oil prices were rising in early Asian trade, and international benchmarkbrent crude oil increased by 0.6 % to $ 76.13 per barrel.
According to George Salderos of German Bank, the announcement of tariffs was “at the end of the protectionist spectrum that we could imagine,” and the market was “structurally structured trade war risk premium. I need to be a great deal. “
Mexico's pesos have been whiszing in recent weeks, since the new Trump administration has been scrutinized on how fast the traders have new taxes and how to become widespread.
“If tariffs are continuing for several months, the exchange rate will reach a new historical highest,” Gabriela Ciller, a Chief Economist in Banko base in Mexico, said with the number of pesos per dollar. “If tariffs are left, it will be a structural change for Mexico. And Mexico may fall into a deep recession that will take years to come out.”
