Euphoria faded today in Wall Street Due to the effects that trade freezing could have with China about global economic growth, corporate gains and virtual employment creation.
According to a White House official, the duty Americans about Chinese imports now reach a total of 145% after the last increase and not 125% that had been previously indicated. This new information gave way to the concern for fear that an escalation in the commercial war between the two greatest economies in the world causes damage durable to global growth.
The S&P500 retreated more than 4.7%. The long -term treasure bonds also collapsed, with 30 -year yield up 12 basic points up to 4.85%. The oil collapsed.
The actions of banks and technology companies suffered strong setbacks, erasing part of the extraordinary profits on Wednesday. The CBOE Volatility Index, the main indicator of nervousness in Wall Street rebounded, although it remained below the levels recorded at the beginning of the week.
The Nasdaq, which on Wednesday had registered its greatest rise since 2008, returned half of that profit on Thursday, falling 5%.
“The atmosphere is uncertain every day. The market is quite nervous about the theme of tariff usual, ”said Marco Contreras, Kallpa Sab Research Chief.
Goldman Sachs cut his growth forecast for China, citing the impact of tariffs. The bank now projects that the Chinese economy will grow 4% this year and 3.5% in 2026.
The Peruvian bag has been falling 1.45% around noon. The Peru actions package in New York (EPU) lost 2.63%.
Possibility of latent recession
According to the Wall Street Journal although the worst was avoided yesterday, tariffs could still negatively affect economic growth and raise inflation. Markets still assign a 50% probability to a recession.
Wall Street Journal also analyzed the last consumer price index, which showed that inflation slowed down more than expected, reaching an annual rate of 2.4%. The prices of the short -term treasure bonds rose after knowing this data, which made their yields fall.
In addition, the European Union announced that it will suspend for 90 days the first round of retaliation tariffs against the United States to focus on negotiations after the pause announced by the Trump administration.
About inflation
Inflation in the United States was moderated in March in March, which represents a certain relief for consumers before the entry into force of generalized tariffs that could increase pressures on prices.
The Consumer Price Index (CPI), excluding the volatile food and energy components, rose 0.1 % compared to February, the lowest increase in nine months, according to the data published Thursday by the Office of Labor Statistics.
The general CPI decreased 0.1 % compared to the previous month, which represents its first fall in almost five years.
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