U.S. stocks fall as China adds to tariff jitters
American actions fell on Monday as the prices continued to dictate the feeling, the threat of China for countries defends a new layer in the business war environment with the United States.
The industrial average of Dow Jones, the S&P 500 and the NASDAQ all opened the decline on Monday, with investor concerns around price And the pressure of President Trump to replace the president of the Federal Reserve Jerome Powell.
The caliber on pricing policies has increased as China noted Recovery would be an option against countries that take the side of the United States in the climbing of the trade war.
Although investors are likely to pay attention to major technological income this week, the prices and the Fed issue remain a great concern. This explains the negative market reaction to Wall Street, with the S&P 500 down 1.2%, the NASDAQ-1.5% in technology and the DOW lost more than 360 points, or 0.9% down.
THE stock market The swings have been observed in recent weeks, however have been delivered with a gathering for gold. While the US dollar has experienced a weakness since the announcement of Trump’s “Liberation Day”, gold has generated at a record greater than $ 3,400.
Mohamed El-Erian, President, Queens’ College, Cambridge University and Allianz Advisor, says that Tanking in dollars while yields explode “challenges historical correlations”.
It is not only a weakness in dollars in the middle of the concerns of the trade war that helped theft to secure the paradise assets which have ingots on a jet. Most investors’ concerns are only amplified with the negative impact potential of Trump’s interference in Fed’s independence.
But analysts say that a drop in this scenario could see gold higher.
Although Bitcoin (BTC) and the crypto have reflected the actions in recent weeks, the capital of capital as security assets could see the BTC resume momentum. The reference cryptocurrency increased to more than $ 87,000 in the last 24 hours.
Tom Lee, co-founder of Fundstrat and director partner, said CNBC “Squawk Box” in an interview that markets could still feel new pain.
He predicts, however, that a Haussier flip will see Bitcoin “catch up with gold”.
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