Eyes in global markets have been translated into employment data to be announced in the USA by tariff decisions – Cyprus Newspaper

In the global markets, a negative course came to the fore last week due to car tariffs announced by US President Donald Trump, while the eyes were turned into employment data and reciprocity -based tariffs in the US next week.

While the employment data to be announced is expected to provide more information about the US economy under the shadow of uncertainties, the reflections of Trump’s tariff steps on the global trade system are closely monitored.

Trump signed a decree to implement 25 percent customs duties on imported cars and trucks in order to increase domestic production last week. Speaking at the signing ceremony held at the White House, Trump described it as the ı the beginning of America’s day of liberation ”.

The real day of liberation of the United States will be announced that mutual tariffs will be announced on April 2, reiterating Trump, said automobile tariffs will come into force on this date. « We are starting collection from April 3, » Trump said. He said. In addition, the pharmaceutical industry to bring back to the country, they will apply tariffs, he said.

With reciprocity -based tariffs to be announced next week, possible retaliation statements from the US trade partners are expected to be effective on the global risk perception.

Last week, the US president’s tariff decision for the automobile industry reacted from many countries, while the European Union (EU) reportedly made preparations for the measures to be taken against new recipes of imported cars.

Concerns about the tariffs, the US Federal Bank (FED) increased the uncertainties for the steps taken in the next period, while Chicago Fed President Austan Goolsbee made statements last week, said the next interest rate reduction may be delayed due to economic uncertainty.

Minneapolis Fed President Neel Kashkari said that the tariffs are not sure of the impact of the US economy, the probability of raising prices on the higher interest rates, the possibility of slowing economic growth requires lowering debt costs. Kashkari, until the situation becomes clear Fed, monetary policy may need to stay in a long time, he said.

St. Louis Fed President Alberto Musalem said that the impact of the tariffs would be temporary, and that indirect effects may require that interest rates be constant for a longer period of time.

Boston Fed President Susan Collins made statements, while Trump administration’s tariffs will accelerate inflation in the United States, but this effect is unclear how permanent it will be, he said.

On the macroeconomic data side, the growth rate of the US economy for the last quarter of last year was revised upward. Accordingly, the US economy, 2024 in the fourth quarter of 2.4 percent of the estimation of growth recorded.

The Fed’s personal consumption expenditures, where the FED taken into consideration as an indicator of inflation, where food and energy items are excluded from the calculation, the price index increased by 0.4 percent on a monthly basis and 2.8 percent on an annual basis.

The monthly increase rate in the index has seen its highest level since January 2024. Core personal consumption expenditures above the market expectation was expected to increase by 0.3 percent on a monthly basis and 2.7 percent on an annual basis.

The consumer confidence index, which was measured by the University of Michigan, was revised in March and was 57, while he has recorded the lowest level since November 2022.

The short -term inflation expectation of consumers increased from 4.3 percent to 5 percent in March and has reached the highest level since November 2022. Long -term inflation expectation increased from 3.5 percent to 4.1 percent, while this value was the highest rate recorded since February 1993.

With these developments, the US’s 10 -year bond interest rate was balanced by 4.26 percent and the dollar index was balanced at 104.0.

President Trump’s aggressive tariff policies concerns, increasing uncertainty with geopolitical risks and procurement of central banks and the price of ounce of gold last week, 3 thousand 86.79 dollars, while the record of 2 thousand 85 percent on a weekly basis was closed for 2 thousand 85 dollars.

Brent oil price of the barrels increased by 0.9 percent weekly and $ 72.4.

A mixed course came to the fore last week on the New York stock exchange. The new tariffs of the Washington administration for imported cars negatively affected the shares of automobile manufacturers with large supply chains throughout North America.

General Motors, one of the US car manufacturers, lost 7.4 percent on Thursday and 1.1 on Friday. Ford’s shares fell 3.9 percent on Thursday and 1.8 percent on Friday.

With these developments, the S&P 500 index on a weekly basis lost 1.53 percent, the NASDAQ index was 2.59 percent and the Dow Jones index depreciated by 0.96 percent.

Monday in the new week, Dallas Fed Manufacturing Activity Index, Tuesday, Manufacturing Industry Purchasing Managers Index, ISM manufacturing industry PMI, construction permits and Jolts Open Works, Wednesday Adp Employment Report, Factory Orders and Durable Property Orders, Thursday Foreign Trade Balance, Weekly Unemployment Service Applications, Service sector PMI FED President Jerome Powell’s statements will be followed.

In the European stock exchanges last week, while a sellers out of the Britain came to the fore, the eyes were turned into an intense data agenda as well as the statements of Christine Lagarde, President of the European Central Bank (ECB) in the new week.

EU Commission President Ursula von Der Leyen said that they will evaluate the decision of the United States to implement a 25 percent customs duties on automobile imports and other measures expected to be announced and that they will protect their economic interests against them.

Von Der Leyen, in a statement published last week, the United States, European automotive exports of customs duties in a deep decision to impose a deep sorrow, said, « This announcement, the US will evaluate with other measures envisaged in the coming days. » He said.

Analysts recorded that the reactions of the EU side will be followed with reciprocity -based tariffs to be announced next week and said that trade wars may deepen in the future.

In addition, while the developments in the Russian-Ukraine war in the region continued to be followed, Von der leyen said that long and short-term financial and military aids were provided to Ukraine, while sanctions against Russia will continue to protect the pressure on this country.

Ukrainian President Volimir Zelenskiy said that their country will not give up the territorial integrity and independence.

With these developments, the DAX 40 index in Germany on a weekly basis 1.88 percent, CAC 40 index in France 1.58 percent, MIB 30 index in Italy decreased by 0.76 percent, while the FTSE 100 index increased by 0.14 percent in the UK.

The data agenda to be announced next week on Monday inflation in Germany, Tuesday, Germany and the Euro Region Manufacturing Industry PMI and ECB President Lagarde’s statements, Thursday, the service sector in Germany and the euro region with the EUR EURPRUS (PPI) will be followed on Friday and the factory orders will be followed on Friday.

Trump’s new tariff steps for the automotive sector were effective in the Asian markets last week, while a sales -weighted course was effective in the regional indices.

The decline in South Korea and Japanese automotive shares attracted attention, while Trump on the Chinese side, if the Chinese company ByTedance sells Tiktok, the description that it is willing to reduce customs duties to China made the seller’s limited course to be limited.

Analysts, China’s tariffs can negotiate with the United States that the optimism has gained strength, the news of the news on the issue is the focus of investors, he said.

Analysts stated that the trade volume of trade with the US is more limited than Chinese automotive manufacturers in the region, and that automotive tariffs are expected to affect Chinese automotive companies less.

While the statements of government officials in the region for the tariff agenda were also followed, Japanese Prime Minister Shigeru Ishiba promised to protect employment from US automobile tariffs.

Ishiba, saying that the recipes mentioned will have a significant impact on the Japanese economy and committing to taking precautions to protect the sectors and employment, « We are thinking of the most effective way to ensure that the US application to Japan will not be useful for him. » he said.

According to data released last week in the region, the annual Tokyo Consumer Price Index (CPI) in Japan increased by 2.9 percent in March, while the increase in the core CPI was over expectations with 2.4 percent in the same period.

Tokyo TÜE’nin information about the moon and the largest city in Japan because of the measurements of the analysts that are closely monitored, the analysts, the data in the country shows that inflation continues to gain strength, he said.

With these developments, the KOSPI index in South Korea last week, 3.22 percent, Nikkei 225 index in Japan, 1.48 percent, Hong Kong Hang Seng Index 1.11 percent and Shanghai compound index in China decreased by 0.40 percent.

Starting on March 31, the week will be followed on Monday, industrial production in Japan, manufacturing industry and service sector in China, unemployment rate in Japan and Caixin manufacturing industry PMI in Japan and Caixin service sector in China on Thursday.

On Friday, Hong Kong and China will not take place due to holidays.

Domestic markets watched with a positive decomposition last week. BIST 100 Index in Borsa Istanbul finished the week at 9.659.48 points by gaining 6.80 percent.

However, the dollar/TL rose 0.4 percent on a weekly basis and closed from 37,9870.

Next week, the inflation data for March is the focus of investors.

Economists participating in the AA Finance Inflation Expectation Survey estimates that the Consumer Price Index (CPI) increased by 2.87 percent in March.

According to the average of March inflation expectations (2.87 percent), annual inflation, which was 39.05 percent in the previous month, will decrease to 38.66 percent of economists, the end of 2025 inflation expectation was 30.62 percent as of March.

On the other hand, domestic markets will be closed next week due to Ramadan Feast on Monday and Tuesday.

Next week, Wednesday Manufacturing Industry PMI, Thursday Inflation and Friday real effective exchange rate will be followed.