The New York Stock Exchange fell strongly at its opening on April 3, one day after the Commercial offensive launched by President Donald Trump with reciprocal tariffs.
“Clearly, what was announced was very close to what was the worst scenario And the markets were not prepared, “Angelo Kourkafas told AFP, from Edward Jones firm.
“They react to the negative implications for the economic growth and positive for the Increased inflation“This analyst added.
In Europe, the Paris bag lost 2.92 %; Frankfurt’s, 2.12 %; that of Milan, 2.73 %; that of London, 1.30 %; and that of Madrid, 1.21 %.
In Asia, the Tokyo bag fell 2.77 % at the close; Shenzhen’s, 1.40 %. In the last exchanges, Hong Kong gave 1.69 %. Instead, Shanghai only lost 0.24 % and Seoul square, 0.76 %.
The Mexican Stock Exchange (BMV) opened with an increase of 1.32 % in its main indicator, which rose to 54,510 units, against the generalized fall of international indices after the announcement of Trump tariffs, of which which Mexico and Canada were exempt as members of the treaty between Mexico, USA and Canada (T-MEC).
In the White House, Donald Trump announced Tariffs for goods from of the European Union (20 %), China (34 %, which adds to 20 %already applied since their investiture), Japan (24 %) and Switzerland (31 %), among other countries.
The actions in the Textile sectorpartially democated in China and Vietnam, with New tariffs 34 % and 46 %, respectively, were strongly beaten.
Gap lost 16.0 %; Ralph Lauren, 12.10 %; Lululemon, 12.20 %; and the American giant Nike, 11.08 %.
Also the actions of the Technology companies collapsed: Apple (−9.10 %), NVIDIA (−5.45 %), Dell (−16.96 %) and Broadcom (−6.03 %).
“The good thing is that we are probably facing the peak of the duty And it can be negotiated from now on, “Kourkafas estimated.
Texas oil price
The price of Texas intermediate oil (WTI) opened this Thursday with a Fall of 6.64 %, up to US $ 66.95 per barrelafter the US president, Donald Trump, realized his global tariff policy, which was interpreted by the operators as a threat to the demand for crude oil.
In New York, WTI futures contracts for delivery in May They lost US $ 4.76 regarding to the last session.
The fears of a global commercial war that could affect international fuel markets impact strongly on the WTI, even if the White House would say that imports DE oil, gas and refined products were exempt of the new levies.
Immediately after the ad, the value of the main oil companies in the United States, As Exxon Mobil, Chevron or Conocophillips, it remained with limited falls.
The countermeasures are imminent and, judging by the initial market reaction, the recession and stanflation They have become terrifying options, said Tamas Varga, analyst at the PVM firm.
On the other hand, the US Energy Information Administration data published on April 2 showed that crude oil inventories increased by a much higher figure than expected: 6.2 million barrels Last week, in the face of analysts’ forecasts of a decrease of 2.1 million.
The euro is positioned above the dollar
The euro shot out above US $ 1.11, its highest level since the beginning of October 2024.
It was changed to 3:00 p.m. GMT to US $ 1,1111, compared to US $ 1,0857 recorded in the last hours of the European negotiation of the previous day.
The European Central Bank (ECB) set the reference change at US $ 1,1097.
For its part, the exchange rate of the Mexican peso was at the beginning of the day at US $ 19,8824, compared to the closure of US $ 20,4556 on Wednesday, according to the official data of the Bank of Mexico (Banxico), which means An appreciation of 2.8 % against the dollar.
Deceleration of sector US services.
The activity in the United States services slowed down In March, according to an index published Thursday, which shows that the companies surveyed began to feel the effects of the new tariffs imposed by the Donald Trump government.
The index that measures this activity rose to 50.8 % in March, compared to 53.5 % in February, according to the ISM Professional Federation Survey. Analysts were waiting for an improvement around 54.2 %, according to the consensus published by Marketwatch.
There was a strong increase this month in the number of respondents who reported an increase in production costs due to tariffs, said Steve Miller, ISM survey manager.