Heavy day in Asia and especially in Europe where another 819 billion euros were burned in the main European bags Two days after the announcement on the duties of the US President Donald Trump.
The data is added to the 422 billion in the eve and brings the negative balance to over 1,241 billion in two days. Here is the trend of the main price lists and those most affected by the decisions of the White House.
Negative variations in world bags
UK -4.95%
Germany -4.95%
France -4.26%
Spain -5.83%
Italy -6.53%
Holland -4.12%
Norway -5.01%
Japan -2.75%
South Korea -0.86%
Australia -2.44%
India -1.22%
Singapore -2.95%
Vietnam -1.56%
Wall Street: from Trump’s settlement burned 10,000 billion dollars
From January 17, President Donald Trump’s Inauguration Day, Wall Street has burned almost $ 10,000 billion. This is what emerges from the Factset and Dow Jones Market data data. Of these $ 10,000 billion, about 5,000 billion were burned in yesterday and today sessions. This is the largest loss in two days ever recorded.
Trump to investors: “It’s time to get rich”
«My policies will never change. This is a great moment to get rich, to enrich yourself more than ever ». This is the message launched by Donald Trump on Truth to investors “who come to the United States and invest”.
“China has played it and panicked. The only thing they cannot afford to do “: added the President of the United States of America
Powell: “Inflation will increase and growth could slow down”
For the president of the Fed, Jerome Powell, the current duties wanted by Trump “will probably increase inflation” and risk getting unemployment and slowing down growth in the United States. The duties on imported assets will be “significantly more extensive than expected”, which “will probably increase inflation in the next quarters” and will lead to a “slower growth”, said Jerome Powell also citing a “greater risk for employment”.
“The new administration – he explained – is about to implement substantial political changes in four distinct areas: trade, immigration, tax policy and regulation. Our monetary policy orientation is well positioned to face the risks and uncertainties that we find ourselves faced as we acquire a better understanding of the changes in monetary policy and their probable effects on the economy. It is not our task to comment on these policies. Rather, we carry out an evaluation of their probable effects, observe the behavior of the economy and set monetary policy in order to better achieve our double -mandate goals ».
And he added: «We have underlined that it will be very difficult to evaluate the probable economic effects of higher rates until there is a greater certainty about the details, such as what will be subject to rates, at what level and for what duration, and the extent of the retaliation by our commercial partners. Although uncertainty remains high – continued the president of the Fed – it is clear that the tariff increases will be significantly greater than expected. The same probably applies to economic effects, which will include a higher inflation and slower growth. The entity and duration of these effects remain uncertain “. For Powell, “although it is very likely that the duties generate at least a temporary increase in inflation, it is also possible that the effects can be more persistent. To avoid this result, it would be necessary to keep the longer -term inflation expectations well anchored, determine the extent of the effects and the time necessary so that they are fully affecting prices. Our obligation is to keep long -term inflation expectations well and to make sure that a one -off price increase does not become a permanent inflation problem ».
Tajani: “Bags collapse for excessive alarmism”
The duties decided by Trump are “negative”, however “we must react with great calm. The bags collapse because there is an excessive alarmism: the press, the politicians. It is as if the world was collapsing. But the world is not collapsing ». Deputy Prime Minister Antonio Tajani said so at “5 minutes” aired tonight on Rai 1. “If this action continues, the European Union GDP would lose 0.2, Massimo 0.3% in a year. It is not a dramatic situation. We must act – added the leader of Fi – to defend our industry, our market and make sure that there is no commercial war ».