US stocks tumble as Trump plans tariffs on Chinese goods | IFCM France
IFC Markets Courtier CFD en ligne

US stocks tumble as Trump plans tariffs on Chinese goods

  • IFC Markets
    2023/02/27
  • IFC Markets
    2023/02/20
  • IFC Markets
    2023/02/13
  • IFC Markets
    2023/02/06
  • IFC Markets
    2023/01/30
  • IFC Markets
    2023/01/23
  • IFC Markets
    2023/01/16
  • IFC Markets
    2023/01/09
Abonnez-vous à notre chaîne officielle pour obtenir les dernières nouvelles de IFC Markets

US stock market pullback accelerated last week as Federal Reserve raised interest rates but indicated just two more hikes in 2018. The SP 500 slumped 6% and the ICE dollar index lost 0.7% for the week.

The ICE US dollar index ended lower in every session except Tuesday and Thursday last week. It slid 0.2% Monday, but rebounded 0.6% Tuesday as the Federal Reserve two day policy meeting started. The dollar lost 0.8% Wednesday on the Fed projection of just two more rate hikes in 2018 and a 26% rise over quarter in current account deficit for the fourth quarter. The dollar index edged up 0.03% Thursday, and lost 0.2% Friday.

The SP 500 closed lower every session except Tuesday last week. It fell 1.4% Monday as Facebook’s data management concerns triggered technology shares selloff. The broad market index recovered 0.2% Tuesday, but gave back those gains Wednesday as Federal Reserve hiked rates quarter percentage points. SP 500 tumbled 2.5% Thursday after news President Trump ordered drawing up a list of tariffs on Chinese products totaling up to $60 billion. The selloff continued Friday as the SP 500 fell 2.1%.

US and euro-zone inflation reports are the most important economic data this week. Germany’s import prices report will be released on Tuesday, and US personal consumption expenditures index report will be out on Thursday.

Nouvel outil analytique exclusif

N'imorte quelle gamme de dates - de 1 jour à 1 an

N'importe quel groupe de trading - Forex, actions, indices etc.

 
Close support
Call to Telegram Call to Skype Call to WhatsApp Call Back