World markets wait for Trump’s ‘Mukti Divas’ tariff

Washington:

Markets fluctuated in markets on Tuesday as investors hanged for US President Donald Trump’s “Liberation Day” tariff announcements, hoping that they would free businesses from trade-policy uncertainty, which have been weighed in markets for weeks. President Trump is set to unveil “mutual tariffs”, aligning American duties with other nations on Wednesday afternoon at an event at the White House Rose Garden.

On Sunday, the US Commander-in-Chief said that the levy would include all countries, but specific details were very few. They have already implemented a series of import levy on China, Canada and Mexico and are ready to introduce auto tariffs this week.

According to a report by the Washington Post, the White House colleagues have drafted a proposal to put a proposal to put about 20 percent tariffs on most imports in the United States. White House spokesman Karolin Levit said that soon after Trump’s announcement, mutual tariffs on countries implemented on American goods, while 25 percent tariff on auto imports would be effective on Thursday.

Markets

The so -called “mutual tariff” of the Trump administration remained unstable global stocks, which the Republican billionaire stated that it was necessary to combat unfair trade imbalances with countries targeting the United States. In the US, the shares were high in trading on Tuesday, while Safe Haven Gold reached a record peak.

On Wall Street, benchmark S&P 500 and Nasdac session already ended more after losing the ground, consumer offset in healthcare services, consumer staples and technology shares with losses in healthcare and financial equity with benefits in technology shares. Dow reduced a shadow.

Dutash Bank strategist Jim Reid said, “In the context of the upcoming tariff declaration, we still do not know which countries they will be levied and at what rate. It is appropriate to say that the final plan with the administration cannot be prepared yet.”

Dow Jones Industrial Average fell 0.03 percent to 41,989.96, S&P 500 rose 0.38 percent to 5,633.07 and Nasdaq Composite increased by 0.87 percent to 17,449.89.

European stocks also ralled, recovering from the previous day of taking advantage, especially in assets that are highly unsafe for American tariffs. The benchmark PAN-European Stoxx 600 index, which increased 5.1 percent in the first three months of the year, ended 1 percent, leading technology, industrial and financial shares.

In India, the market on Tuesday stepped down for another session, with 1.5 percent drowned with Nifty 50. The report suggests more weakness. Uncertainty is running high, and in the last few days, various measures of stock, bond and currency have increased rapidly, which reflects the challenge for investors of unknown business.

Gold facility

Gold decreased after a new record high hit for the fourth straight session, which was $ 3,148.88 an ounce. It fell 0.15 percent to $ 3,118.25 an ounce, while the US gold futures settled at $ 3,146 by 0.1 percent.

Mark Malec, Chief Investment Officer of SibertXT, said that investors not only face uncertainty from tariffs, but they are also concerned about the possibility of an economic recession given the weakness in recent figures. The data of the Institute for Supply Management showed us contracted manufacturing in March after two straight months have increased. A separate report of the Labor Department showed us at the opening of the job in February.

Malec told the news agency’s Reuters, “I can strongly tell you that the number of client calls that we are recently, and it is not necessary about tariffs, but they are worried about the economy.”

“They are losing confidence, and this is a difficult thing to fight investor, which is a difficult thing to fight.”

Pressure dollar

The demand for the safety of the Treasury sent the yield low, the benchmark 10 -year note yield fell by 8 basis points to 4.165 percent. In Europe, benchmark German yield on 10-year-old bands fell by 0.3 base points to 2.679 percent.

The dollar has been constantly pressurized as a result of investor caution towards US assets, which posted his worst first quarter performance against a basket of currencies in nine years this year, with a decline of about 4 percent. The Japanese yen placed the firm as Swiss Frank, as traditional safe-horn assets attracted the demand.

Yen strengthened 0.25 percent against Greenback. Against Swiss Frank, the dollar weakened 0.07 percent to 0.884 frank. The euro was 0.25 percent below $ 1.079.

The dollar index, which measures greenback against a basket of currencies, including yen and euro, increased 0.04 percent.

Australian dollars strengthened 0.48 percent versus Greenback to $ 0.6276. RBA raised 4.1 percent rates, cutting them a quarter points in February for the first time in four years. Meanwhile, bitcoin increased to $ 85,033.03.

Edge

Oil prices decreased as traders weighed mutual tariffs from Trump and their threats to put secondary tariffs on Russian crude and attack Iran. Brent futures settled at $ 74.49 per barrel 0.37 percent. The US West Texas Intermediate Crude Futures fell 0.39 percent to $ 71.20.

China, Japan and South Korea jointly to respond to American tariffs

China, Japan and South Korea have jointly agreed to jointly respond to the US tariff during their first economic discussion in five years on Sunday. Countries agreed that Japan and South Korea would import semiconductor raw materials from China, while China wanted to purchase chip products from Japan and South Korea.

Trump tariff

Trump has trumped as a “liberation day” on April 2 for weeks that will look at the dramatic new duties that can increase the global trade system. Treasury Secretary Scott Besent told Republican House MPs that according to the Republican representative Kevin Hern of the mutual tariff trump Oklahoma, the highest American tariff level “cap” would represent the “cap” that will face the countries and if they meet the demands of the administration, they can go down.

Trump has already imposed tariffs on aluminum and steel imports and has increased duties on all goods from China. But he has repeatedly threatened to impose other tariffs, only to cancel or postpone them.