Market Update

Futures slide in the United States with the continued collapse of the market feeding the customs tariff

American stock futures declined sharply on Sunday evening, as the Trump administration has shown any signs of a wide -ranging plan to impose definitions.

Futures associated with the Dow Jones Industrial Mediterranean decreased recently by 2.2 %, noting that more than 800 points decreased in the Monday’s open championship, while future contracts with S&P 500 and NASDAQ decreased by 2.7 % and 3.4 %, respectively. Futures in Dow fell more than 1,600 points at Sunday,

The main indexes The exit is the worst week From the first days of the Covid epidemic in March 2020, then The stocks fell on Thursday and Friday After President Trump Announcing comprehensive definitions We have commercial partners. The S& P 500 normative index decreased by 10.5 % during the last two days of the week, while Dow threw nearly 4000 points.

White House officials did not give any signal during the weekend until the president will consider promoting definitions. the The so -called mutual definitions He announced that Trump on Wednesday – which includes 20 % new fees on imports from the European Union, 26 % on Japanese imports, and 34 % on imports from China – is valid on Wednesday.

The Trump administration, which also indicated that more customs tariffs for the sector are coming, says that the measures necessary to restore competitive balance and re-manufacturing and jobs to the United States, however, the speed and depth of the policies announced in recent weeks-and the possibility that countries are divided, as countries are like, such as China did on Friday-Own Increased fears Between economists and investors, the economy can slip into stagnation.

Speaking on Friday, Federal Reserve Chairman Jerome Powell said that the definitions announced last week were higher than expected and Risk Both high inflation and slow economic growth. Powell said that the Federal Reserve is awaiting a greater clarity on the impact of Trump’s policies before considering modifications to interest rates.

Asian stocks also fell to the start of their week amid fears of the consequences of the trade war, as the Hang Kong index in Hang Kong decreased by 9 %, while Nikki 225 Japanese fell 6 % and the South Korea index and S&S ASX 200 each more than 4 %.

Bitcoin was also Lower SundayThis step follows less in stocks as investors give up risky assets. The digital currency has recently reached $ 78,700, a decrease from the highest level earlier on Sunday by about 84,000 dollars and trading at its lowest levels since early November.

Crude oil prices also fell amid increasing concerns about the slowdown in global demand. West Texas intermediate contracts, US crude oil standard, decreased by 2.6 % to $ 60.40 a barrel, after declining to $ 59.38, the lowest level since last April.

Update: This article has been updated with the latest information on American stock futures, as well as early trading activity in Asian markets.

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