The main stock indicators in Wall Street have opened a sharp decline – today Monday – with investors away from assets that involve a risk amid increasing concerns that the global economy will be affected by the upcoming US administration’s announcement of large -scale customs duties.
- The Dow Jones Industrial Index decreased 290.65 points, or 0.68% to 41293.25 points.
- The Standard & Poor’s index fell 500 by 56.93 points, or 1.01% to 5524.77.
- The Nasdaq Al -Mujami also lost 277.34 points or 1.58 to 17039.68 points.
Nikki at the lowest level in 8 months
In Japan, the Nikki index closed near the lowest level in 8 months – today Monday – after severe losses recorded by Wall Street in the previous session, with investors evaluating the imminent American commercial risk.
The Nikki index fell 4.05% to 35617.56 points, which is the lowest level at the closure since the ninth of last August, a day after the index recorded the largest daily decline since the collapse of the “Black Monday” in 1987.
Today, Nikki recorded the largest daily decline since September 30.
The broader Topics index also fell 3.5% to 2658.73 points.
“The morale of the investors has declined due to the presence of a lot of fog before announcing the anti -customs duties,” said Hiroyuki Oweno, chief expert at Sumitomo Mitsoy Terast.
He added that the investors were “in the event of unwillingness to risk, so they got rid of what they bought. But this week is the most difficult, and they will return to the shares as soon as the vision is clear.”
https://www.youtube.com/watch?v=7zy_c33kus4
European stocks lose
In Europe, the shares decreased – today, Monday – with investors avoided risky bets.
The European Stoxx 600 index fell 1.2% in the morning trading with the decline in Germany and France, the largest economy of Europe, at 1% and 1.2%, respectively.
US President Donald Trump has vowed to unveil a huge customs duties plan on Wednesday, which was called “Liberation Day”. It is already imposing customs duties on aluminum, steel and cars, in addition to increasing fees on all goods from China.
Trump said – Sunday – that the counter -tariffs that are scheduled to announce will include all countries, and not only a group smaller than 10 to 15 countries that the United States suffers from the biggest imbalance in it.
The comprehensive customs duties scenario has prompted Goldman Sachs to reduce its expectations for GDP in the United States and the eurozone and increase expectations to reduce the Federal Reserve (US Central Bank) and the European Central Bank interest rates by a quarter of another percentage.
