The markets continued on Monday to repercussions by the trade war of President Trump, Japan’s shares collapse, the US dollar continuing to lose ground and the prices of slippery oil.
The US stock markets, which reopped on Monday after the Good Friday holidays, showed a lower open. The S&P 500 term contracts were almost 1% lower.
The Nikkei 225, the Japanese reference stock market, dropped 1.2% at the start of negotiations. The Nikkei ended last week on an increase in hopes of a trade agreement with the United States. Elsewhere, Taiwan’s reference fell 1.4%, while Shanghai’s composite won 0.31%. Actions in Japan and Taiwan, which are both highly intertwined business partners with the United States, are the most efficient this year in Asia.
Oil term contracts, which dropped up to 24% from mid-January, fell by around 1.5% on Monday, with Brut Brent at around $ 67 per barrel. Oil prices are often considered a barometer of future economic growth, and they have been weighed down by the prospect that Trump’s prices will harm international trade.
The US dollar continued to shift against the Japanese yen on Monday, lowering almost 1%, the lowest since September. Against the euro, the dollar has dropped, at the lowest in more than three years.
“We believe that Dollar weakness will continue,” Win Thin, director general of Brown Brother Harriman said in a note. However, he noted that recent gains in certain currencies may not last because economic growth was likely to weaken.
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