Return to Wall Street. The stock exchange found the bottom, it is not known if the last one
Referring to the stock market declines, Navarro stated on Monday that the stock exchange “was trying to find the bottom” to bounce off it and assured that “he would end a year at 50,000 points.” At the end of the stock exchange day in New York, the Dow Jones Industrial index rate amounted to less than 38 thousand. points
The adviser also argued that the forecasts about the US waiting recession are misguided, because the revenues from the duties would allow the Congress to adopt tax cuts.
This promise could give hope, and as a result, when decreasing European indexes at a level of over 5 percent, those in the US ended Monday with only 0.3 percent. decrease in the main S & P 500 index, and a slight increase in the index of NASDAQ technology companies by 0.1 percent.
Of course, this does not have to be a signal to growth, and it can only be a temporary stopping of a negative trend. It all depends on what subsequent information from the market and forecasts will appear and what inter -state negotiations will look like. For now, it seems that the US will maintain duties, since tax cuts are already planned for the expected revenues. And the cuts will not be so easy to cancel.
The S&P 500 index began very badly, falling by up to 4.7 percent. much below the level of 4.9 thousand points, but then the situation was just improving. The day ended with a 0.3 percent decline, which at an almost 6 % congress on Friday and almost 5 % on Thursday does not make the impression of panic. Well, but the first week of April means 9.8 percent for now. inheritance. If it remained until the end of the month, it would be the worst month on the American stock exchange from the first pandemic, i.e. from March 2020.
From the list of 100 largest technological giants listed in New York, on Monday, the decrease in Apple's 3.7 %, Kraft Heinz, by 3.9 percent, Starbucks by 2.6 percent, Tesla by 2.6 %, but also Pepsico (-2.3 percent).
On a unlucky scale, the AMD (-18.6 %), Starbucks (-18.5 percent) and Apple (-18.3 percent) processor ratings were hit.
Managed by Elon Musk Tesla fell in a week according to the average, by 10 %, so you can say that she came out with a relatively defensive hand. This can be explained by the potential benefit of the company from duties for imported cars. Tesle, sold in the USA, are entirely produced in the country, only the “electricians” factories located around the world will have problems, including in China and Germany, but also an open energy storage factory in China.
World stock exchanges in bad moods
In much worse moods, the day was finished by investors of European stock exchanges, and in the worst those in China (duties to the US increased to 54 percent) and Japan (24 percent customs for all exports to the USA). The main index of the stock exchange in Hong Kong lost as much as 13.2 percent, and the combined index of stock exchanges in Shenzhen and Shanghai 9.7 percent. However, the stock exchanges in China had a break for state holidays and left last week's time of loss, hence the dynamic reaction on Monday.
The Tokyo stock exchange, however, did not leave last week's declines, and so the decline is solid on Monday, by 7.8 percent. As many as 12.6 percent collected on a week. Nikkei225 index losses. Kawasaki Heavy Industries lost 16 % on Monday, and in a week – over 30 percent, and Japan Steel 15.3 percent on Monday, and over 26 percent in a week. The market is clearly thinking Japanese steel industry for the main injured American duties. Among the producers of consumer electronics, the largest losses in a week were suffered by Hitachi shares (-17 percent, and on Monday 5.8 %) and Sony (-12.7 percent in a week and 4.8 percent on Monday).
In Europe, among the largest 50 companies, on Monday the biggest loss of 7.8 percent. He suffered a military manufacturer and Safran aircraft, but also the Italian fuel company ENI (-7.7 percent), ENEI energy (-7.6 percent) and French fuel Air Liquide (-7.3 percent). Airbus, for the acquisition of the campaign he recently tried for Poland Donald Tusk, lost 6.9 percent.
On a weekly scale, however, the largest decreases were noted by: Italian car manufacturer Stellantis (-19.2 percent), Italian Bank Intesa Sanpaolo (-17.6 percent) and the German producer of semiconductors Infineon (-17.4 percent).
The biggest losses on Monday were incurred in: Portugal (PSI -5.6 percent), Italy (FTSE MIB -5.2 percent) and Switzerland (SMI -5.2 percent) and Spain (IBEX 35 -5.1 percent). Decrease in the Polish WIG20 by 1.5 percent can be considered subdued.
Actions in Italy (-13.4 percent), Sweden (-12.6 percent) and Switzerland (-12.3 percent) fell as soon as the fastest on the week. Decrease in our WIG20 by 9.6 percent It doesn't look bad against this background. In Europe, only in Portugal, the congress was slower on a week, but not on Monday.
