Market: US Customs Policy is still weighing on the market

Uncertainty about US customs policy on Thursday weighed on US stock markets. President Donald Trump Previously, it was possible to declare tariffs to important trading partners Mexico, Canada and China. Trade Howard Lutnick Earlier this week calmed the market and flashed the reduction of Mexico and Canada’s customs. However, Trump’s recent comments told another language.

This week, Trump said to the congress that the tariffs would bring a small disturbance, but it doesn’t hurt. Trump has also said that he does not even look at market reactions.

However, market commentators continue to estimate that if the stock exchange course is high enough, Trump will have to retreat in his customs policy. On Wall Street, the S&P 500 index was 1.8 percent yesterday and a techno -focused Nasdaq as high as 2.6 percent.

“The confusion is the overwhelming feeling of the Trump administration. There are no signs of panic yet, but the fast -moving money now reduces stock weight, ” Pepperstone Group research manager Chris Weston Comment on Bloomberg.

The Asian stock market was in a variable mood on Friday. In Japan, the main indices were 1.5-2.1 percent. In mainland China, there was a move to the previous closing levels, and the Hong Kong Stock Exchange Hang Seng index was half a percent rising.

In Taiwan and South Korea, courses were down, India and Southeast Asia, mostly on the rise.

As expected yesterday, the European Central Bank lowered the interest rate by 0.25 percentage points.

“Changes in the wording of monetary policy statements indicate diluted additional interest rates. The ECB pointed out that the monetary policy line has been clearly changed and is now significantly less tight than before. The rhetoric change can be interpreted as the Signalizing Central Bank will weigh in more detail in the future of additional interest changes, ” On: n senior market economist Jari Hännikäinen wrote in his ECB comment.

In the exchange market, the euro had strengthened $ 0.2 percent and pounds on Friday, but weakened by 0.1 percent against yen. The euro has been heavily strengthened over a week against the dollar. Until the end of last week, the euro got less than $ 1.04. Now the euro gets $ 1.081. The dollar gets 147.44 yen.

In the morning, the Euro Stoxx 50 index futures was 0.8 % in the morning, in anticipation of a clear landing on Europörss.