This attack is a member of the new u.s. government by the policy of trade and exchange was not directed against China but against the principal european power and allied commercial and political life of the united States, a fact that has caused consternation in the Old Continent.
despite the breadth of the statements of Peter Navarro, head of the National Council of Trade Trump, the Dow Jones industrial index of the New York Stock exchange managed to recover during the day and closed with a moderate fall of 0,54%, while the Nasdaq, technology stocks, almost ignored the fact, and ended with a step of 0,02%.
Navarro said today that the euro was a currency undervalued and that, in reality, is the same as the old German mark, which allows Germany to take advantage of its trading partners not only within the Eurozone but mainly of his exchange with the united States.
The hardness of Navarro was made to feel particularly when he asserted that a euro is “very undervalued” is “exploding” to the united States and to the partners of Germany in the European Union (EU), thus confirming that the new Management of Trump focuses on monetary issues and trade and puts in question the international relations of such as were known up to now.
The German chancellor, Angela Merkel, was not slow in responding to the attack on Navarro, ensuring that Germany could not influence the euro, since that country always “has supported a European Central Bank independent.”
As could not be otherwise, the Bags are resented for the second consecutive day with these news unfavourable that occur from Washington in an uninterrupted manner from that Trump agreed to the White House last January 20.
So, the FTSE 100 index of the London Stock exchange lost 0,27%, while the cac40 index of the Paris Stock exchange also declined, although slightly more than its neighbor of Great Britain, closing with a low of 0.75%.
More striking was the collapse in Frankfurt as it could not be otherwise because of the attack of Navarro, and the DAX index of the German Stock market fell at the close 1.25%.
In Switzerland, meanwhile, shares fell 0,49%, a little less than the AEX index of the Amsterdam Stock exchange who lost 0,59%.
was Also less than the decline of the Madrid Stock exchange whose IBEX35 index fell 0,49%, the same as the index MIB of the Milan Stock exchange suffered a loss of 0,90%.
The note in Europe, gave the Stock exchange of Stockholm whose index OMX 30 closed with a gain of 0.51%.
like yesterday, in the Far East only operated on the Tokyo Stock exchange which fell 1,69%, as the stock Exchanges of China, Shanghai and Hong Kong are not operated by the Chinese New Year.
In the money market, the dollar also felt the negative effects of the pronouncements of Washington, and today gave against the euro, trading the european currency at 1.08 dollars off the 1,07 yesterday.
Finally, today began the monetary policy meeting of the Federal Reserve of the united States, whose determinations are to be expected always with attention by investors.
Tomorrow, Wednesday, we will hear those resolutions, although it is almost the unanimous opinion of the market in the sense that there will be no changes in the level of the interest rate, as the central bank of us probably will not act until they have clear economic course of Trump.
No comments:
Post a Comment