Arrows and currencies are under pressure after Trump's plans for customs duties
US President Donald Trump promises to impose customs duties on all imports of steel and aluminum currencies associated with commodity to decline, while markets are preparing for a day of unwillingness to venture, amid increasing concerns about the increase in tensions. The Australian dollar, the Canadian dollar and the Norwegian Cruea fell after Trump’s comments. At the same time, the Asian stock index recorded its biggest decline in a week, while the shares in China and Hong Kong have ascended. At the commodity level, iron ore rose, while gold approached a record level. The anticipation in the markets increased on Monday after reports on the 25% announcement on steel and aluminum, contributing to the uncertainty before the testimony of the chairman of the Federal Reserve, Jerome Powell, before the congress, as well as the possibility of Trump’s disclosure of ‘mutual’ mutual duties that ‘all’. Trump emphasized that the new drawings will be applied to all countries, but it has not determined the date for its implementation. Read more: Trump intends to announce 25% of customs on steel and aluminum. The markets await the transformations of Trump’s policy more than economic data Bob Savage, head of markets strategies and analyzes in BNY (BNY), in a memorandum of clients: “The markets are increasingly interacting with Trump’s policy than economic data.” He added: “The position of the head of the Federal Reserve, Jerome Powell, will be decisive in assessing the impact of customs duties and other political transformations on the plans of financial facilitation.” In the early Asian market trading, futures for the ‘S&P 500’ and ‘Nasdac’ indicators recorded a slight increase, while the returns of the US Treasury bonds fell. On the other hand, Trump said that the Ellen Musk team discovered offenses with the effectiveness of the government while reviewing US Treasury data. This comes after the “S&P 500” index ended Friday’s trading with a 1% decline amid anxiety over customs duties, as well as data showing a decrease in consumer confidence due to inflation problems. At the same time, the US dollar rose, while Treasury effects at all times recorded losses to the recruitment data that referred to a slowdown, but still strong. Also read: What are the safe havens for Asian investors from Trump’s fluctuations? The US postal report supports markets with the continued anticipation of monetary policy The number of non -agricultural posts in the United States increased by 143 thousand posts over the past month, and the reviews showed a large number of posts during the previous two months. This comes at a time when Federal Reserve President Jerome Powell was preparing to testify with his semi -annual testimony before Congress, amid signs of officials that they were not in a hurry to alleviate monetary policy. The markets are awaiting inflation data scheduled for this week, which can support this trend, which increases market expectations for only one reduction in US interest rates this year. Hong Kong shares exceed the markets in Hong Kong shares in the general trend and have opened Monday’s transactions, amid increasing optimism to Chinese technology companies, after the country’s influence on the field of artificial intelligence has escalated. “We have a relatively positive view of riskates,” says Jin Yigwi, a specialist in investment solutions with multiple assets, but has indicated that some centers have been reduced due to financial market fluctuations. He added: “There are still exciting investment opportunities in the Chinese market, as some businesses stand out thanks to their technological innovations.” The South African rand fell in early intercourse, after the United States announced the freezing point of all assistance to South Africa, following the allegations that Trump had made over human rights violations related to a new land seizure law, in addition to Pretoria’s accusations from Israel to genocide. The South African Foreign Ministry expressed its “deep concern” about the US decision on Saturday, saying that “the basis for this decision does not have a realistic accuracy.” In the commodity markets, oil prices stabilized after a series of weekly declines, with investors assessing the potential consequences of the new customs fees that Trump imposed. The most prominent economic events of this week: Monday, Chinese retaliation entered the US commodities, in fact, the president of the European Central Bank, Christine Lagarde, who testified to the European Parliament on Tuesday of the GDP of the Norway, the Governor of the Andrew Billy, the chairman of the federal reserve, the chairman of the Federal Sheikhs, consumer prices in the economic event, Federal Reserve Chairman. (CPI), Wednesday, the release of inflation and industrial production data in India, Consumer Price Index in the United States (CPI), Jerome Powell, testifies before the Financial Services Committee in the US House Wanddin Bash Friday received her annual speech