LONDON (Reuters) -China announced additional 34 % additional definitions on American goods on Friday, which increased the bet in a global trade war after President Donald Trump’s tariff this week.
Increasing fears of global shares for the second day on Friday. Banking stocks that were moved with investors investing growth and pricing in greater discounts in the central bank prices, while US Treasury revenues decreased for 10 years to less than 4 %.
comments:
Stefan Icolo, a strategic expert in the market and stocks, traditions, London
“China swings with a aggressive response to Trump’s definitions. This is important and is unlikely to end, and thus negative market reactions. Investors are afraid of” dream “to the commercial situation.
Peter Andersen, founder of Andersen Capital Management, Boston
“The market, of course, is very surprised by the aggressive Chinese retaliatory measures. I don’t think many investors were expecting a sudden and large response in terms of percentage of definitions in the United States, so that the market was definitely putting, which was already fluctuating, to be more nonexistent.”
Kenneth Brooks, senior strategic expert FX and Stades, Societe Generele, London
“It nourishes this aversion to risks and fear/stagnation in world trade.”
Christopher Wong, Currency Strategy, OCBC, Singapore
“Tit for Tat repeats the memories of 2018 from the trade war episode. It is expected that the threat of global economic heroes is slowed down FX including the Australian dollar, the New Zealand dollar, and Asia-EX-Japan FX like Korean Won and CNH.”
Sami Charry, Chief Economist, Lombard Odir, Geneva
“It is still too early to make a final evaluation. There are two paths from here: there is a path in which (Trump) is open to deals, and even if we have a harsh start, with mutual tariffs and these responses from China, they show willingness to speak and achieve customs tariffs in the coming months.
“The other path is that he has no appetite to conclude deals, and he wishes to keep the tariffs for a long period of time and this breaks the device.
“I do not think that this (Chinese revenge on Friday) is a sign of one or another. Everyone will review their muscles, but this does not invalidate the idea that they cross a deal at some point. But besides that, we need to have at some point indicating Trump comments that he is expected to force it to a deal.”
Eddie Kennedy, head of the dedicated estimated funds management, Marlbo, London
“Perhaps others have learned their lessons (from Trump’s recent state). They are fighting and say that we can play the same game as we are in a position to negotiate.”
https://media.zenfs.com/en/reuters-finance.com/66f6b081fc0db6a7b1d822d30e863d77
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