The sale continues on Friday on the US exchanges.
The Dow Jones started the last trade day of the week 1.1 percent lower at 40,097.90 points and further expands its discounts below the 40,000 points brand.
The Nasdaq Composite initially also showed itself with losses from 3.05 percent to 16,045.60 points and temporarily remains more clearly in the minus area with just under minus 5 percent. The S&P 500 market width rose by 1.93 percent lower at 5,292.14 points. Here, too, the stock exchange cars with now higher losses are on red.
Customs escalation: China strikes back after US tariffs
On the market, the fear is that the recovering trade war will plunge the global economy into a recession. Economists reduce their growth forecasts in rows.
China had announced at noon to raise an import customs of 34 percent to all goods imported from the United States. As the State Council’s customs tariff commission announced, this counter -custom comes into force on April 10th. China also introduces export controls for seven categories of rare earth goods. Export control is made to protect national security and national interests, the Chinese Ministry of Commerce said.
This hunts another shock of fear through the markets, Susannah wrote street from the British investment company Hargreaves Lansdown. “The great concern is that this is a sign of a sharp escalation of the customs war that will have a significant impact on the global economy.”
Inflation and key interest rates at a glance
Since it is assumed that the tariffs raise inflation, the concern that the US Federal Reserve may be forced to keep interest rates at the current level or even increase. Market participants should therefore listen very carefully if the President of the Federal Reserve, Jerome Powell, gives his speech on the economic outlook on Friday.
US employee number increases – unemployment rate too
Almost a minor matter has already got new job data in advance. In March, the US economy created more jobs than expected. According to the Ministry of Labor in Washington, 228,000 jobs came back outside of agriculture. Economists had expected an average of 140,000 new jobs. However, the employment in the two previous months was revised by a total of 48,000 jobs.
In the month comparison, the unemployment rate increased by 0.1 percentage points to 4.2 percent. It is the second increase in the quota in a row. Analysts had expected stagnation on average.
Redaktion finanzen.net / Dow Jones Newswires / dpa-AfX