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Friday morning, the Norwegian hour, at midnight in the United States, triggered the long trade war between the United States and China. US President Donald Trump has followed the threats and imposed penalties on Chinese products of $ 34 billion, or $ 274 billion.
China immediately responded by introducing a similar tax on US products. A number of economists have predicted large stocks if a trade war were to become a reality
The trade war was already evaluated
So far, the main market reactions have disappeared. Neither the dollar nor the interest rate on 10-year US bonds produced remarkable results when trade restrictions were known.
– Who thought it? The first shots of the trade war are being fired and the market is surprisingly resilient, "said Erik Davidson, investment director at Wells Fargo Private Bank, AP.
This may have something to do with the time and size of customs, the United States and China have been known for several days, so market players have had time to congratulate
percent on last month. Stock markets have also fallen. The leading US Dow Jones index fell 1.5% over the past month, but was worse than Chinese equities.
Shanghai Stock Exchange fell more than 11% over last month. Since late January, the stock market crash has exceeded 20%, which is the definition of a "bear market".
Wall Street figures go back
Friday has become a good day for trade in large parts of the world. The stock market started in Asia and spread to Europe.
One hour before the opening of the stock exchanges in the United States, scholarships were in progress. Then the "non-farm payrolls", the monthly employment figures in the United States, have shown that there are still plenty of jobs in the world's largest economy.
213,000 jobs were more than analysts expected, while wage growth remained in place.
It was also sufficient to send the US stock market higher, and Dow Jones ended up 0.41 percent. (Terms)
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