Shares lose the country in the middle of the care of inflation, the care of the trade of war
Chibuike Oguh and Marc Jones
New York/London (Reuters) -Safe -Haven Gold hit a fresh record on Friday because the global shares index of the fell, measured because of the triage of a sudden trade war, encouraged by US President Donald Trump’s tariff decisions.
American traders had new adhesive information to grunt [.N] However, Trump’s 25% tariffs on automatic imports and plans for much wider charge next week still caused nail biting.
On Wall Street, all three main indexes ended up lower and recorded their third straight loss. The biggest losers were communication services, consumer discretion, technological and financial capital. Communal services shares end.
The industrial average Dow Jones dropped 1.69% to 41,583.90, S&P 500 fell 1.97% to 5,580.94, and Nasdaq composite dropped 2.7% to 17,322.99.
The Stoxx 600 European Index ended by 0.77% and ended the week lower by 1.38%, withdrawn by almost 1% drop in the car sector and car parts. [.EU]
MSCI -Stock measures around the world dropped 1.58% to 829.89. It is on the way to end a week towards 1.44%.
The head of the global macro strategy State Street, Michael Metcalfe, said the US car tariffs were more aggressive than expected, especially since there was no customization for US neighbors Mexico and Canada.
“What I do not know is whether the strength of the car tariff will be translated into the wider tariffs we will get next week,” Metcalfe said. “And that is the retention of the rear foot.”
Gold prices have set another new climax of $ 3,086.70, as the threat of trade wars drives a hurry toward a metal with a safe hadan.
The last was an increase of 0.86% to $ 3,082.25 for the UNCU. [GOL/] It is now more than 17%for a quarter, which is its best quarterly effect since 1986, and the 18th record this year. US golden future reconciled 0.8% more to $ 3,114.30.
Wasif Latifa, Chief Investment Director in Sarmaaya Partners in New Jersey, said the prices of gold were increased by growing inflation, elevated geopolitical tensions and fiscal risks, especially a deficit in the United States -in other countries.
“We still see inflation as stubborn, sticky and just won’t disappear. The geopolitical environment is still risky and raised … You can see a fiscal risk on the US budget side, but also a wider western sovereign debt and it challenges a budget that still becomes stubborn and interest rate, Latifa said.
In the bond market, American treasury yields have decreased as investors estimated the probable negative hit of Trump’s tariff growth. In the future, traders of interest rates bet on a total of about 66 base points in reducing interest rates this year, according to LSEG DATA.
