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Futures for stocks in the United States increased modestly early on Friday, while the dollar fell to the lowest levels in more than three years, as China returned to a final retaliatory tariff for American goods and investors that prepared for the beginning of the first quarter season of profits amid continuous market turmoil.
The shares end up sharply again last night, as the S&P 500 decreased by 3.46 % in the session, as he was thorny by President Donald Trump’s decision to stop the so -called “mutual” mutual definitions quickly in the face of the increasing revenues of the bonds and the dollar of retreat.
The “Sell Americana” trade, which included the delivery of about $ 6.5 trillion in American stocks by foreign investors over the past week, according to data from Bank of America, has taken the US dollar index to the lowest levels since April 2022, and raised wider questions on the nature of American assets as safe investments.
The dollar index, which tracked Greenback against a basket of six major global currencies, was 1.37 % less in 99.495 heading to the start of the New York trading session.
However, gold prices were up to the top, as alloys reached $ 3,200 an ounce in the trading overnight to extend their weekly gains of 5 % and its annual increase is 21 %.
Meanwhile, the revenues of the memoranda of 10 years, as an agent of risk -free rates around the world, decreased to 4.411 % in trading overnight, a higher level than two basic points than it was when President Trump issued a period of 90 days in the middle of Wednesday.
American assets are likely to be tested again today after China has strengthened its revenge tax on American imports to 125 %, starting from April 12, a step, with the US tariff for Chinese goods by 145 %, actually reaching a trade embargo between the largest economists in the world.
Related: Did the Treasury bond market caused the Trump tariff to flash?
However, China said that this will be the last tariff increases, although it left the option to reach other tools if the United States climbs its trade more.
“Given that American goods are no longer marketable in China under the current tariff rates, if the United States raises more customs tariffs on Chinese exports, China will ignore such measures,” said China’s Finance.
In Wall Street, investors are preparing for another volatile session to close a historic week, as the CBOE VIX index has been linked to $ 44.03, heading to the beginning of trading.
At this level, options dealers expect daily fluctuations of about 2.75 %, or 145 points for the S&P 500 over the next thirty days.
Against this danger, jpmorgan ((Jpm)) Wales Vargo ((WFC)) And Morgan Stanley ((Ms)) All first -quarter profit updates will be published before the start of trading, with investors’ investments on profit expectations in each of the three main banks, as well as any increase in the capital they plan to clarify their losses in credit portfolios and pairing while slowing the economy.
Related: Whipsaw markets in the “sale of America” trade in safe treasury bonds
At the beginning of the trading day, the future contacts associated with the S&P 500 indicate that the standard will open 21 points higher than the closure of last night, which now exceeds about 4.75 % of the rally on Wednesday after stopping.
Meanwhile, futures -related futures are priced, to photograph 75 points with technology -focused NASDAQ called 85 points.
More economic analysis:
- Wall Street Replauls S & P 500 PRICE TARGETS, where customs tariffs are accelerated
- Inflation wants one word, please
- The stocks can be bounced, but the profits of the large banks carry the cards
In external markets, Stoxx 600 in Europe decreased by 1.17 % in the middle of the Frankfurt Trading Day, with FTSE 100 decreased by 0.22 % in London.
Overnight in Asia, the Japanese Nikki 225 ended by 2.96 % after stagnation last night in Wall Street, while the former MSCI standard for Japan increased by 1.37 % at the end of trading.
