Wall Street’s shares ended a volatile week with a rebound on Friday, while public bond markets continued to inform investors of the impact of new import taxes, while China increased its prices on American manufacturing products to 125%.
The S&P 500 fell 0.9%in morning trading before gathering in the afternoon to a gain of 1.8%, which reached the increase of the week to 3.8%. Last week, the index recorded its worst release since the 2008 financial crisis.
Markets around the world have suddenly turned between important gains and losses in the midst of the bustle and confusion caused by President Trump’s statements on prices.
“We know what is the problem,” said George Goncalves, head of the American macro strategy at MUFG. “We have heavy prices and now we have an impact between the United States and China, and it’s not good for activity and planning.”
On the government bond market, the 5-year-old treasure yield has increased again on Friday, passing its earnings since last week to around 0.5 percentage points, a huge decision on a market that underpins businesses and consumers. The US dollar dropped 0.9% on Friday, at its lowest level in about two years.
Ing analysts noted that there was a “crisis of confidence” in the dollar, American assets, American assets have lost part of their Haven call.
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