Global bags continue to live the ups and downs. Washington. The president of the United States, Donald Trump, has returned to dizzy financial markets on Wednesday after throwing the tense exchange of tariffs between tariffs between Washington and Beijing In recent weeks, in addition to ensuring the solidity of Jerome Powell’s position at the head of the US monetary power, the Federal Reserve (Fed). Trump has considered being “very kind” with Beijing and has assured that he saw “substantial” cuts for the Asian giant, although “they will not be zero” according to the president.
Trump’s reverse has once again moved the main Wall Street indices that now take advantage of, relieved, of a Rally: he S&P 500 Upload a 2.5%the technological Nasdaqa 3% and the Dow Joneswrite down a minor climb, of the 2.7%. The Russell 2000 has shot in a 3%.
On the other hand, Elon Musk, the tycoon at the head of the Automobile giant Tesla, until now the right hand of the Republican President, has assured that he would focus on his automotive firm and has not ruled out leaving his position in the White House to rescue him. This new strategy, which arrives hours after the firm will present a fall in the 39% in their sales for the first quarter of the yearhas also managed to underpin its 6% shares in the opening of the stock market. So far this year, Tesla’s titles were among the most punished since the businessman decided to adhere to the White House.
This alleged moderation of commercial tensions has arrived hours after the Treasury Secretary, Scott Besent, will try to lower the volume to the tariff war at a closed doors with JP Morgan last Tuesday. In the moments after the statements of the US president, the bags lived a bullish wave.
This stock market intervention by the Trump administration has managed to stop the bleeding of actions and bonds in the United States, although the damage to the confidence in the largest economy in the world has already taken effect. Torsten Slok, a partner of the investment fund, Apollo, has given voice to the alarm. «If current policies do not change, then the probability of recession in The United States is 90%»He wrote, sharply only this Wednesday.
