Trump’s rituals for Europe restore Asian markets and strengthen the euro
Asian markets saw great stability on Monday, but US President Donald Trump recorded an increase in the Euro to expand the deadline to impose customs duties on European goods, which was a temporary negotiation in its volatile trade process.
Trump has agreed to postpone the deadline for trade talks on July 9, after the June 1, in response to the request of the European Union’s “good deal” in response to the request of the European Commission President Ursula Van Der Line, has confirmed the need for a long time.
The postponement helped to calm the markets after the assets of violent sales assets last month, with an increase in trade tensions. Investors are also expected to reach new trade agreements, especially after recent understanding with the United Kingdom and China.
However, this action reminds investors about the volatility of the political situation and the speed of its change, which prompted many of them to turn their investments from the United States to Europe and Asia, in the possibility of American economic downturn and world slowdown.
“Trump’s recent statements reflect his sudden and inconsistent management procedures again.” In this case, the widespread MSCI index of Asia -Pacific shares outside Japan declined by 0.07 percent, European and German futures contracts showed the estimates of an increase of over 1.5 percent.
In the case of currencies, the euro rose 0.35 percent to $ 1.1404, with the highest level since April 29. Currencies for losses such as Australian and New Zealand dollars recorded 0.37 percent and 0.45 percent respectively.
On the other hand, the dollar index has fallen to its lowest level since April 22, amidst the sale of American currency, Christopher Wang, the currency strategy in the OCBC, “the US dollar is still negative, in the light of continuous confidence in the United States’s financial abnormal confidence in the unusual financial abnormal confidence.”
Due to official vacation in the United States and the United Kingdom, daytime commercial volumes are expected to be low.
In Japan, the “Nikki” index, with the support of the “Nippon Steel” company’s arrow, has increased by 2.3 percent, after Trump expressed support for a company to $ 14.9 billion to earn US steel.
After last week’s bond returns touched unprecedented levels, investors were focused on the long -term Japanese bond market equally with the closer inflation data, as investors were trying to assess the monetary policy trends of the Bank of Japan.
At the same time, concerns about high -level public loans in sophisticated economies have come to light, especially Moody’s credit rating agency United States and the demand for American and Japanese Bond auction last week.
In China, the Leadership Stock Index fell 0.7 percent and the Hong Singh index in Hong Kong fell by 1 percent. Trump threatened to impose a 25 percent fee for the United States on iPhone imported devices, and the “Apple” list listed in China was under pressure.
Despite these fluctuations, the sudden indicators of the global economy, in the face of fear of depression, have the satisfaction of the markets. This week, Japan and Germany have to issue inflation reports, as well as personal cost data in the United States, the Federal Reserve will pay special attention.
