Wall St ends higher, dollar rises as Trump signals tariff respite

0 4 minutes read

Wall St ends higher dollar rises as Trump signals tariff.jpeg

Written by Stephen Collip

New York (Reuters) -Wall Street rose and the dollar rising on Friday after US President Donald Trump hinted that it would be flexible regarding a new round of customs duties that are expected to be imposed early next month.

However, the remaining economic uncertainty and geopolitical tension kept investors cautious.

All three major stock indicators in the United States reflected their losses after Trump’s announcement, but their gains were examined in the economically sensitive sectors, such as chips, materials and small hats.

All three indexes recorded weekly gains.

The gold was sharp stopping its highest level ever, but it remained over $ 3000 an ounce, which was the level of it last week for the first time.

“It is clear that these are difficult times for investors,” said Terry Sandvin, the chief stock strategy in the United States in Minneapolis. “With fluctuations and uncertainty in high, anxiety swings with feelings, while the tariff and the associated effects are evading consumer and investor confidence.”

The Federal Reserve Chairman at Chicago Austan Golsby and head of the New York Reserve Council, John Williams, said it would be too early to measure the economic effects of US President Trump’s actions, and he has time to determine the direction of his monetary .

A group of central bank policy meetings have held the concentration of investors over most of the week, with the Federal Reserve, the Bank of Japan and the Bank of England all their prices are fixed.

The common topic between monetary policy makers was caution, as most of them adopted the situation “waiting and witnessing” towards the Trump tariff and trade policy, which strengthened the “Jerome Powell” feeding chair “high uncertainty.”

Investors are awaiting a clarification about the details of Trump’s mutual definitions, which are expected to enter April 2.

The Israeli air strikes on Gaza and a large bombing of the Ukrainian drone on a Russian military airport were also disturbed by the risks and sparked the attractiveness of safe assets.

Sandven added: “The number of factors that have the ability to influence investor morale has increased and this raises uncertainty,” Sandven added. “Global tensions increase, high evaluation, and the company’s instructions are measured.”

“This is Teeter-Totter that we see in the broader market.”

In addition to the turmoil, Heathrow Airport in Britain was closed due to a large fire at a nearby power station. The markets have seen financial repercussions from the detention of Turkish President Tayeb Erdogan. Laayoune was also on the tremendous financial motivation package in Germany, on the right track to pass the House of Representatives in the Supreme on Friday.

Next week, American economic indicators will include housing and industrial data. On Thursday, the Ministry of Trade will present in the GDP for the fourth and final quarter in the fourth quarter. The personal consumption expenses report is scheduled to return on Friday.

The Dow Jones industrial average increased 31.88 points, or 0.08 %, to 41,985.20, S&P 500 4.55 points, or 0.08 %, to 5,667.44, increased by 92.43 points, or 0.52 %, to 17784.05.

European stocks fell, however Stoxx Euro 600 won a weekly profit, and the superior performance extends on a year.

The MSCI scale has decreased all over the world 1.47 points, or 0.17 %, to 842.01.

The Stoxx 600 index in Europe decreased by 0.6 %, while the FTSEUROFIRST 300 in Europe decreased 12.99 points, or 0.59 %.

Emerging market shares decreased 9.49 points, or 0.83 %, to 1,131.20. The MSCI of Asia Pacific shares outside Japan closed by 0.81 %, to 588.59, while Nikki in Japan decreased 74.82 points, or 0.20 %, to 37677.06.

The dollar gained a ground against the euro, as it ended the week higher, as the deadline for a cautious tariff was paid.

The dollar index, which measures greenery against a basket of currencies including yen and euros, increased by 0.33 % to 104.13, with the euro decreased by 0.32 % at $ 1.0816.

Against Japanese yen, the dollar is strengthened 0.37 % to 149.33.

Treasury bonds for 10 years turned up to capture a series of declines for a period of four days, as investors have formed aspects of definitions against the possibility that the Federal Reserve will maintain at the present time.

The return on standard notes for 10 years increased 1.9 basis points to 4.252 %, from 4.233 % late on Thursday.

The bond yield increased for 30 years 3.9 basis points to 4.5948 % from 4.556 % late on Thursday.

The return on notes has decreased for two years, which usually moves with interest rate expectations for the Federal Reserve, 0.9 basis points to 3.948 %, from 3.957 % late on Thursday.

Crude oil prices have risen up and seem to be to reach a second weekly weekly gain, as it raised new US sanctions on Iran and the latest OPEC+ expected output plan.

American crude increased by 0.31 % to settle at $ 68.28 a barrel, while Brent settled at $ 72.16 a barrel, an increase of 0.22 % a day.

Gold stopped its standard operation, and decreased in opposing the strongest dollar, but achieved its third weekly gain.

Gold fell 0.8 % to $ 3,020.10 an ounce. Gold futures in the United States decreased by 0.58 % to $ 3,022.50 an ounce.

(I participated in the reports of Stephen Cole; the additional report by Ancor Panderaji and Elon John; edited by Alison Williams, David Gregorio and Diba Babington)

2025-03-21 02:44:00

0 4 minutes read