“Wall Street’s main indices reduced the fall on Monday after US President Donald Trump has announced delaying new duties on Mexican imports for one month.”, – WRITE: epravda.com.ua
Wall Street’s main indices reduced their fall on Monday after US President Donald Trump announced the delaying new duties on Mexican imports for one month. About it reports Reuters. Earlier, his rigid measures for key trading partners have caused global panic in the financial markets, forcing investors to invest in protective assets. Trump said the introduction of new duties on Mexican goods after Mexico agreed to increase control on its northern border. Advertising: The main market analyst Interactive Brokers Steve Sosnik said that it “increases the chances of concessions in negotiations with Canada, China or both countries. ” “For markets, it is encouraging that there is a certain pause, which is why they responded with growth,” he explained. As of 20:00 in Kiev time, Dow Jones index fell by 151.08 points (-0.34%) to 44 393,58. Trembles: S&P 500 decreased by 48.59 points (-0.80%) to 5 991 , 94, NASDAQ composite lost 241.23 points (-1.23%) to 19 386.11 six of the eleven main S&P indicators showed growth, including “protective”, such as health care and essential consumer goods. The stocks of technological giants played a little morning loss, but NVIDIA was still 3.3% lower. The semiconductor companies have reduced the fall to 1.5%. Automobiles affected by the threat of duties also partially restored the positions: Ford and General Motors have decreased by a little more than 1%. Russell 2000, which includes small business, after falling to a three -week minimum reduced losses to 1.1%. Against the backdrop of the threat of tariff wars, investors continued to fit into bonds and gold. Gold quotes reached a historical maximum. The VIX index, which measures the level of market instability, increased to the highest level in a week, but subsequently decreased to 17.72 points. The S&P 500 recorded 9 new maxima and 20 minimums per year, while NASDAQ celebrated 29 new maxima and 187 minimums. Recall: US President Donald Trump has signed three decrees on the introduction of additional duties on goods from Canada, Mexico and China. This was the first official decision within the trade war. Canada and Mexico leaders promised to answer similar measures. Mexico President Claudia Sheinbaum has ordered the relevant tariffs to enter the US decision to enter 25% of duties on all products coming from Mexico. Global financial markets declined on Monday on February 3, against the backdrop of duties, introduced by US President Donald Trump on Canada, Mexico and China. According to Mexico President, Sinebaum, the United States will postpone 25% of duties on Mexican goods a month after a “good conversation” with Trump.