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European automakers fell by more than 2% on Friday, after a brief statement from South Africa that new tariffs for all Chinese goods imported to the United States are being prepared, for a cost total of 500 billion. USD limit. Shortly after, at a press briefing on social media, the US president criticized the EU and China for manipulating their currencies, maintained a strong dollar and reduced the competitiveness of US products, reinforcing their opposition to these major trading partners. German Chancellor Merkel said yesterday that the European Union is ready to take retaliatory action against US tariffs in the auto industry and reiterated that this position should be aligned with the next meeting with Ms Briefly , who will discuss both possibilities for the parties to cancel the obligations of the car. Analysts unanimously argue that an expanding transatlantic trade war will undoubtedly have a negative impact on global, US and European growth, while stressing that it is still too early to talk about beginnings of a possible recession.
Asian markets are currently badessing the likelihood that the Japanese Central Bank (BOJ) could consider changes in its highly free monetary policy next week, badysts said. , aiming to reduce its influence on the financial market. The spread of speculation this morning was about the 10th anniversary of Japan. bond yield growth, which was the highest since mid – year 2016, when the BOJ shifted its monetary policy towards controlling domestic bond yields. Today at 8:13 AM. country 10-year bond yields rose nearly one and a half times to 0.086%. limits. At the same time, the Japanese NIKKEI 225 recorded -1.36%. South Korea's KOSPI fell by -0.51% and China's CSI 300 by 0.33%
The Forex Market
Speculation about Japan's monetary policy changes supported the fourth session of the consecutive USD / JPY fell to 20:17 held at the level of 110.97 (-0.39%).
The exchange rate of the US dollar against the basket against Friday after D. Short-term comments on the overvalued currency decreased by -0.7%. The EUR / USD ended the last trading session last week with an increase of + 0.7%, and today it is + 0.08%. at 1.1733, while the USD / CNY, which declined slightly by -0.08% on Friday, fell -0.16% this morning. at the level of 6.759
Baltic Securities Market
On Friday, 711 thousand were generated on the Baltic stock market. Eur. Turnover The Vilnius index fell -0.03%, Riga rose + 0.29% and Tallinn + 0.14%. The most active negotiations continued in Tallinn, where Tallink Grupp (0.00%, 1.05 Eur) and Tallinn Sadam (+ 0.22%, 1.9864 Eur) made a fifth day of turnover. ;business. 19659003] This week, the Baltic market should see a rise in investor activity as companies actively publish the results of the previous quarter: the LHV group will announce Tuesday its 6-month publication, Harju Elekter Wednesday, Olympic Entertainment Group Thursday and others. Friday, Apranga and Tallinna Vesi
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