(Bloomberg) – Asian actions increased after President Donald Trump played the fears of a recession, which helped us with legal actions after a late recovery after a whip test all day.
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The actions have advanced in Japan, Hong Kong and South Korea, while Australian actions have dropped, the S&P / ASX 200 reference index hovering near a correction. Trump has excluded an exemption from steel and aluminum prices despite a lobbying campaign by the Australian Albanian Anthony.
The term contracts for the S&P 500 and the NASDAQ 100, heavy with technology, increased at the start of negotiation after Trump said that he did not see any American economic recession, minimizing Wall Street ribs around his trade war. Treasury bills and a dollar strength gauge increased before reading consumers later on Wednesday on Wednesday, which will give indices on the interest rate department.
Trump’s pricing policy, geopolitical realignments on Ukraine, sticky inflation and the unknown pace of interest rate cuts for the federal reserve have struck the markets this year, leaving American actions on the verge of correction. The VIX gauge in stocking of stocks has been hovering near its highest since August, while a similar measure for treasury bills has been at unbeathed levels since November while market players remain nervous as to American economic growth.
“Any relief of all this geopolitical noise is a good thing for the markets at the moment,” said Ken Wong, specialist in Asian action portfolio at EastSpring Investments. The news about a ceasefire in Ukraine and the emergency services in pricing tensions between the United States and Canada they help, he said. “Things are quite different just eight hours ago.”
Market forecasters in banks, including JPMorgan Chase & Co. and RBC capital markets, tempered bullish calls for 2025 while Trump Stoke prices fears of slowing economic growth and investors question the high assessments of major technological shares. The last one came from the Citigroup Inc. strategists, which have downgraded their point of view on American actions from neutral from overwhelming.
“What Trump did was not useful for the American stock markets,” said Neil Dutta to the Macro Research Renaissance. “For the moment, I do not see the recession. We have never really had a recession of political uncertainty itself. And, we do not yet know how the markets would react if Trump’s escalation now leads to a de -escalation later. »»
In the United States on Tuesday, the S&P 500 fell 0.8% and the NASDAQ 100 lost 0.3%, although the term contracts increased after the end of regular negotiations while Trump tried to amortize the concerns of a recession in the American economy.
“I don’t see it at all. I think this country will explode, “he told the White House. He added that the markets will go up and that they will go down. But you know what, we have to rebuild our country. »»
The White House has also confirmed that 25% of steel and aluminum prices would take effect on Canada and other nations, while Trump has fell a threat to impose 50% tasks on the largest metals of the American trading partner.
Chinese shares will also be closely monitored while investors will continue to turn to the country of their American peers. A gauge of Chinese action registered in Hong Kong increased by 20% this year despite the threat of new American rates. The talks between the United States and China on trade and other questions are blocked at lower levels, both parties, not agreeing on the best way to proceed, according to people familiar with the issue.
“Business stability on the Chinese real estate market and government efforts to revive the wealth effect in the system will support consumption,” said Rajiv Batra, head of JPMorgan Asia and co-responsible for the global capital strategy of emerging markets. “And remember, China still has a dry powder.”
Elsewhere, Ukraine accepted an American proposal for a 30 -day truce with Russia as part of an agreement with the Trump administration to raise its freeze on military aid and intelligence for kyiv, after eight hours of talks in Saudi Arabia on Tuesday.
On Wednesday, on consumer inflation in the United States, economists planned that it remained high last month after a sharp increase in January, adding evidence that progress on taming prices have been blocked. The consumer price index is observed progressing by 0.3% in February after a gain of 0.5% at the start of the year.
The markets “will be wary of new signs of sticky prices”, said Kyle Rodda, principal analyst at Capital.com in Melbourne. “Additional evidence of inflation has remained at the current levels will arouse the concerns that the Fed will lack the room for maneuver to reduce rates if Trump’s economic policies cause a precipitable slowdown in economic growth.”
Key events this week:
Canada rate decision on Wednesday
American CPI, Wednesday
Industrial production of the euro zone, Thursday
US PPI, initial unemployment complaint on Thursday
Feeling of consumers from the American University of Michigan on Friday
Some of the main market movements:
Actions
Tower contracts on S&P 500 increased by 0.3%
The Japan Topix increased by 0.7%
Australia S&P / ASX 200 dropped by 1.6%
Euro Stoxx 50 Contracts in the long term increased by 0.8%
Currency
The Bloomberg Dollar spot index increased by 0.1%
The euro dropped by 0.1% to $ 1,0907
The Japanese yen changed little at 147.90 for the dollar
The Yuan Offshore has changed little at 7.2339 for a dollar
Cryptocurrency
Bitcoin increased by 0.2% to $ 82,934.32
Ether dropped from 1.1% to $ 1,914.57
Bonds
Goods
The intermediate crude from West Texas increased by 0.5% to $ 66.57 a barrel
Gold at point dropped by 0.1% to $ 2,911.80 per ounce
This story was produced with the help of Bloomberg Automation.
– With the help of Matthew Burgess, Chris Bourke and Abhishek Vishnoi.
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