By Jamie Mcgeever
Orlando, Florida (Reuters) – Trade Day
To make the meaning of the forces driving global markets
By Jamie McGeever, Markets Corner Writer
Nasdaq 2%, tariff fears are strengthened
When the tariff was afraid, it was only one issue, and therefore, the Wall Street and global markets were re-threw a palple and were proven as US President Donald Trump’s latest announcement for investors on Wednesday.
Nasdaq fell 2% and the MSCI world index poured 1% for the biggest downside for two weeks. Earlier British Finance Minister Rachel Reeves handed over an update on the country’s financial and economic health and is a difficult outlook for Sterling and UK bonds.
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Today’s main market is moving
* This is the Red Sea Sea in Wall Street, the NASDAQ has led the 2% slide. Tech is a 2.5% loss, and compared to tariff and inflation, while consumer cyclists lose 1.7%, the worst sector is the worst. * The main technological firms are between the largest united stoklosan: Super Micro Computer -9%, NVIDIA -5.7% and TESLA -5.6%. * Sterling is the largest Movver in G10 FX, and after inflation figures in the UK, 0.5% pours 0.5% compared to the dollar. * Fat reaches three-week height, and a strong global supply due to US inventory data. Rage Futures 1%, their fifth rise in their fifth day. * ‘Risk-off’ environment, developing market FX Leteracross board. Investors in Brazil, President Jairo Bolsonaro, who competed with the riskolytic uncertainty after the Supreme Court, said he would be tried for the alleged couple.
“Tariff Man” muscles, markets
“We will go with tariffs on the cars,” Trump said on Wednesday after the Oval office post-today official announcement.
It is a reminder that the self-style “tariff person” does not confuse or at least visible. If it is ahead of these and other tariffs, investors are faster than the prospects for inflation faster than the reciprocets for April 2.
Given this April 2 and the quarter of the quarter, investors can choose to expose the risk and play safe. There would be an understanding approach, taking into account the current levels of economic and political uncertainty.
This was the turn of the British consumers on Wednesday, after a slightly surprisingly high U.S. consumer inflation waiting in recent high US consumer inflation. The survey of a Citi / Yougov rose to 4.2%, the highest in the public’s inflation expectations in two and a half years.
Consumer inflation expectations are a faint barometer of notorious inflation. However, politicians do not allow us to be discreet, and Japanese Governor Kazuo Ueda reiterated interest rates to prevent increasing growing food products from more inflation.
Minneapolis Fed President Neel Kashkari was more measured, the lower growth and high inflation had to keep high inflation for a longer period.
Those who are increasingly clear are bad news for tariffs and trade wars. The early signs of the first quarter of the first quarter have earned the early signs of several companies, and became the latest mediator to delete the end of the year for Barclays, S & P 500 on Wednesday.
At the same time, British Finance Minister Rachel Reeves accused the global uncertainty for the growth worldview because the independent financial guard has reduced the growth forecast of 2025 GDP.
This is a background that is increasingly difficult for the owners of UK assets.
Sterling can be sensitive to aliens elegant trip
British Finance Minister Rachel Reeves’s overwhelming message was simple: the difficulties facing the British politicians are mushrooms and the margin for mistakes shrinks rapidly.
The UK spring financial update, Britain’s faced prospects for growth this year and still announced the need to increase public debts.
This means that investors may need to demand higher incoming demand for credit to the government or to weaken the exchange rate to attract them. This raises the risk of a weaker pound that can cause greater inflation.
Thus, the reeves, sterling and the UK bond market to walk lightly, to walk, walk a very difficult environment.
Short-term respite
Markets received a slightly term relief on Wednesday because the British budget update has reduced the less reduced plans than the spending and expenditure plans more than mentioned. However, reality will be under heavy tension in the coming years of the financial financial financial financial financial financial.
During the next five years, the government’s debt is more than expected than expected for the budget liability for budget liability, more than expected to 47.6 billion pounds ($ 61.4 billion).
As the OB’s growth forecast for 2025 GDP increases only to 1%, at least no increase in growth, at least no time, at least no time.
On top of that, the concerns that the British inflation will increase to 4% of this year is above the bank’s 2% banking bank. Of course, there is a neat threat of the tariffs from Washington and Global Trade War.
Put it all together and the risks of growing in the coming years are dismantled to the negative without guarantee that debt costs will cost.
Strangeness
This is the most attractive offer for foreign investors who play a critical role in financing the GRC trade and budget shortages.
Official figures show that foreign investors, at the end of the third quarter of last year, are 32% of the $ 2.08 trillion pound of pounds of the British government. Since 2009, the largest share of the global financial crisis is the largest percentage of the record.
On the one hand, foreign investors show that England are not very concerned about the financial health. However, as foreign investors are likely to be first sold in a shock or crisis, it also has a risk and therefore requires an attractive reward.
British Governor Mark Carney, Mark Carney, in 2016, said he was very trusted in “the kindness of strangers” for the financing of England. As in late 2022, this kindness cannot be accepted.
Currently, Gilts owners reflect the highest bond productivity in the G7 Group of G7, the British test inflation and the dynamics of public debt than a positive growth worldview.
Fixed income in the management of Jupiter Assets Vikram Aggarwal, this shows that the elegant market is cheap and an attractive purchase. However, this “cheapness” lasted a long time and the weight of debt claims in the market is more difficult.
“It may not require deterioration in the financing of the British state,” Aggarwal said.
Reeves will not appreciate it, it is accurate.
What can the markets carry tomorrow?
* China Industry and Commercial Bank (Full Year2024) Kansasfed President Jeffrey Schmid * British Prime Minister Keir Starmer, Washington responds to US President Trump
If you have more time to read today, there are a few articles I recommend to help you feel what happened in the markets today.
1. Trump tariffs on Venezuelan raw recipients, US pressure tariffs tariffs tariffs tariffs.
Ideas stating that the author expresses. Reuters under trust principles do not reflect the opinions of the news, deprivation of integrity, independence and prejudice.
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(This story is corrected to change the day Wednesday, in paragraph 1))
(By Jamie McGeever, Regulation by Nia Williams)
