‘Death Purple’ in Global Markets – Cyprus Newspaper
US President Donald Trump’s tariffs continue to create a crisis in global markets.
Wall Street indices signal that Powell, the FED President Powell, may increase in inflation tariffs on Wednesday, and therefore the Central Bank will focus on price increases; This situation declined with supporting the expectation that it would not be rushed for interest rate cuts.
The losses in the US indices deepened as Powell spoke and almost 90 percent of the shares in the S&P 500 fell. The S&P 500 decreased to 3.3 percent before completing the day with 2.2 percent loss.
The formation, which is used to monitor long -term trends and consists of the 50 -day moving average level by cutting the 200 -day moving average level downward level, is often interpreted as decreases.
Nasdaq completed 100 days minus 3 percent. Nvidia Corp. and Advanced Micro Devices Inc. The shares of their companies depreciated after the Trump administration announced that chips limited the export of chips to China and a disappointing balance sheet of ASML Holding NV.
Philadelphia Securities Stock Exchange The semiconductor index fell by 4.1 percent.
Futures indices on the new trading day are on the rise in the USA.
Stocks in Asia found support from Trump’s announcement that there was “great progress ında in Tariff negotiations with Japan. Japanese Nikkei was traded at 225 percent plus 0.91 percent.
With the announcement that the exchange rate issue was not discussed between the two countries/yen, it approached 143 with an increase of up to 0.7 percent on a daily basis. Investors’ interest in safe ports continues. Gold broke a new record yesterday with $ 3,343.36.
The US 10 -year bond return on Wednesday, 5 basis points increased by 3 basis points this morning to 4,3077 percent. The Bloomberg Dollar Index increased to 1,227.4 limited after a 0.7 percent decrease on Wednesday.