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US indicators
Wall Street continued to fall on Friday, August 2 as trade fears continued, ending a week in which the S & P 500 and Nasdaq were the biggest weekly percentage loss since December, when investors fears a possible recession.
The Dow Jones Industrial Average closed the session down 98.41 points, or 0.37%, to 26485.01 points, while the broader S & P500 index lost 21.51 points, or 0 , 73%, to close at 2932.05 points.
The Nasdaq Composite Index closed down 107.05 points, or 1.32%, to 8004.07 points.
The three indices ended the week with losses, with the Nasdaq losing 3.92%, the S & P500 down 3.1% and the Dow Jones down 2.60%.
European shares
European equities suffered their biggest losses in more than seven months Friday (August 2), led by automakers, miners and chip makers, after Washington announced new tariffs on Chinese products, leaving to fear that global growth is still damaged.
The European Stoxx600 closed the trading session down, down 2.5%, to its lowest level in six weeks, with a weekly decline of more than 3.2%.
The German Dax index, which is trade sensitive, fell 3.1% to hit a weekly decline of more than 4.4%. While the losses of luxury goods manufacturers, who derive much of their income from China, have pushed the French CAC40 index down 3.6%, to a weekly decline of more than 4.4%.
Oil
Oil prices rose nearly 3% on Friday, August 2nd, a day after recording their biggest drop in a few years, with US President Donald Trump threatening that the US will impose more tariffs on Chinese products .
The announcement of the new tariffs imposed by the United States on China, which should come into effect on September 1, has led to an escalation of the trade war between the two largest economies in the world. Any resulting economic slowdown could adversely affect oil demand.
Brent for October delivery closed at $ 1.89, or 2.3%, at $ 61.89 per barrel. Global gauge ore fell more than 7% during Thursday's session, its largest decline in a day in more than three years.
US benchmark West Texas Intermediate crude for September delivery rose $ 1.71, or 3.17%, to $ 55.66 a barrel after falling nearly 8% in the first quarter. Thursday session, the biggest single day loss in more than four years.
The two leading indexes ended the week with a loss, with Brent down 2.7% and US crude about 1.2%.
Precious metals
The price of gold has risen more than 1% on Friday, August 2 after a new strike by US President Donald Trump in a trade dispute that has lasted for a year with China has increased the demand for metal yellow as a safe haven.
Gold rose 1.4% to $ 1452.5 ounce, metal finishing the week up 2.4% and achieving its third weekly gain in four weeks.
Among other precious metals, palladium fell 1.2% to $ 1406.5 an ounce and platinum rose 0.39% to $ 848 an ounce.
As for silver, the metal rose 0.28% to $ 16.22 an ounce, but recorded a monthly decline of more than 1%.
Coins
The US threat to impose new tariffs on imports from China led to the rise of the yen hut to a five-week high against the dollar and a two-and-a-half-year high against the pound sterling.
The yen rose 0.71% against the dollar to 106.58 yen, while the Japanese currency jumped to 106.86 yen in Asia, its highest level since June 25, ending the week up 1.92%.
The British pound hit a 30-month low against the US dollar as the majority of the ruling Conservative party worried about domestic politics three months before the British exit from the European Union, rising by 0, 72% to $ 1.216. A weekly decrease of 1.78%.
With the euro, the single currency rose 0.22% against the US dollar, to stand at 1.11 USD, but recorded a weekly decline of 1.78 %.
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