The market was melted on Tuesday US President Donald Trump Customs fees for Mexico and Canada set up when 25 % duties entered into force today on Tuesday. China also got 10 % extra duties on the previous 10 %.
The countries have responded with their own customs fees. China sets 10-15 % duties of US products and Canada 25 % duties. Mexico has not yet stated his own retaliation.
Trump’s duties were negatively reflected in the stock market. Futures of Wall Street’s largest indexes anticipate the opening. At the time of review, the Dow Jones index futures were 0.3 % decrease, the S&P 500 index by 0.5 % and the NASDAQ decrease by 0.5 %.
On Tuesday, interest rates on government bonds were declining both in the United States and in Europe.
In the interest rate market, the interest rate on the United States’s ten -year government loan was 1.0 percentage of interest rates by 4.146 %. The two -year state loan interest rate was 4.6 percentage decline at 3.904.
In Germany, the interest rate on a ten -year government loan was 2.3 percentage points at 2.466 % and the two -year state loan interest rate of 5.1 on a decline in 2.007 %.
Also, in Europe, interest rates were strongly down.
The price of oil was on Tuesday. The background of the invoice is Reuters According to Opec+ intends to increase the supply in April and the customs fees set by Trump.
Chairman of the European Commission Ursula von der Leyen told Tuesday that The EU strives to release funds for defense investments EUR 800 billion. The chairman of the Commission proposed that the EU would introduce a new financial instrument, which would provide EUR 150 billion for Member States for defense investments.
In the currency market, the euro strengthened against other currencies. The Canadian dollar and Mexican peso weakened. The US dollar also weakened with soft economic data.
According to information published yesterday, the ISM Industry Purchase Management Index dropped to 50.3 points from 50.9 in February.
At 15.00, one euro got $ 1.06, $ 156.43 yen, £ 0.83 and € 11.09 for Swedish. The dollar got 148.29 yen and the pound got $ 1.27.