The hopes of anTrend reversal on world marketssued on Thursday and Friday byIntroduction of duties wanted by the US President Trumphave not materialized. Indeed the Bags have passed one Third consecutive panic dayeven with a progressive attempt by Wall Street and above all of the technological titles to limit the damage. Which however are huge: in three days of ‘Sell off‘only financial markets they burned almost 10 thousand billion dollars9,500 according to the calculations of Bloomberg.
And thefallen‘also in the first day of the week They are many. They started the Asian bags to make it clear that the climate was certainly not that of reboundwith the Two -digit collapse (-13%) for Hong Kong. The price lists of Tokyo, Shanghai And Shenzhenwho sold the 7% abundant. Very bad also i Shareholders of the Old Continent: the Worse bags were those of Milan And Madridwho closed with a reduction of 5.1%followed by Paris And Amsterdam down 4.7%, while London gave in 4.4% and Frankfurt He lost four points. At the end of the day the European bags they have burned 683 billion euroswith a total balance in three days of Losses for 1,924 billion.
Very short was theillusion mid -afternoon on one possible 90 -day break on the duties, except for the Chinawhich would be at the exam of Donald Trump: the hypothesis was attributed to Economic councilor of the White House, Kevin Hassettbut shortly after the same White house defined the reconstruction a ‘fake news‘. The financial operators however they had believed little to it, mentioning only one Limatura of losses To then return to heavy drops.
To believe that the crisis be dangerous it seems there are instead i leaders of some of the largest Banks of the worldwho second Sky News they had one ‘call‘On the effects of duties on financial markets and on theImpact for the global economy. The managers of credit institutions would have participated in which Bank of America, Barclays, Quotes And HSBC Holdingsto discuss the chaos in progress.
Also an important one ‘Goldman Sachs analysiswho expects “a significant acceleration” from the China on the measures of tax lock To compensate the new difficulties to the growth emerged with i Usa additional duties. There business bank hypothesizes a Impact of “at least 0.7%” less on Gross domestic product Of Beijing for 2025. «Before the duties, the growth was proceeding above our predictions and we were contemplating one upward review of expectations on GDP for this year, “he adds Goldman Sachs.
In this context it spread Between Btp And Tedeschi Bund at 10 years remained quite calm on 125 basis pointseven if a current of strong rise in returns of all European government bondsespecially of the United Kingdomclimbed by 16 Basis Point. The Treasury product has closed the 3.86%with a Increase of almost ten basis points.
THE’euro has kept altitude 1.09 against the dollar, weak cryptocurrencies with the Bitcoin down about the 5% under the 80 thousand dollars.
Strong nervousness also on energy price lists: The Oil in New York also went down below 60 dollarsto the minimum levels of the last four yearsthen move just above this psychological threshold. The Gas in Amsterdam instead closed in light rise (+1% a 37 euros at megawattora) A day spent almost all in decline.