The exchange of blows when it comes to tariffs. The stock exchanges become a game ball and experience a mega euphoria on Wednesday after a behavioral start.
The Dow Jones opened 0.68 percent lower at 37,387.91 points. After that, he often switched between the profit and loss zone before he took a strong jump in the evening and finally won 7.87 percent to 40,608.45 points.
For the Nasdaq Composite, on the other hand, the starting bell went up 0.18 percent to 15,295.44 points upwards and then he clearly expands the profits, in the end it went up to 17,124.97 units. The S&P 500 market width also showed a massive plus from 9.51 percent to 5,456.90 points after it at the beginning of 0.35 percent to 4,965.28 points.
Customs spiral: China increases taxes on US goods
In response to other US tariffs of 50 percent, Beijing has announced to the same extent. The special tariffs on all US imports initially created to 34 percent should now be 84 percent and come into force on Thursday. Thereupon not only the pre-exchanged US share prices came under pressure, the oil price as an indicator for the global economy also dropped vigorously. In the meantime, investors had hoped to calm down the situation. According to the State Media Agency Xinhua, China is asking for dialogue and working with the USA.
EU also announces countermeasures
In response to the tariffs imposed by US President Donald Trump, the EU member states approved against tariffs between 10 and 25 percent. These special levies on imports from the United States should come into force in the coming week.
Trump puts on again
In the evening, US President distributed sugar bread and whip. The US stock markets catapulted an announced customs break for certain countries on Wednesday in later trade. Trump rowed back in the international trade conflict and exposes certain tariffs that have just entered into force for 90 days. During the break, a universal duty rate of 10 percent should apply. This does not apply to China – Trump increased the tariffs with immediate effect on Chinese imports to a total of 125 percent.
May 7 Lift off
The most recent shares of the “glorious seven”, the seven most important US tech companies, started massively in response to the trump announcements. Amazon, Meta, Nvidia, Alphabet A (Ex Google), Microsoft, Apple and Tesla recently posted double -digit course premiums.
The shares of US airlines benefited even more from the Trump announcement. The papers from Delta Air Lines and United Airlines also rose strongly, as did those of American Airlines.
The papers previously under sales pressure from the USPharmaceutical industry also recovered significantly. Eli Lilly, Pfizer, Merck and Johnson & Johnson closed higher. Previously, according to Trump on massive tariffs, Imported pharmaceuticals had been significantly sagged.
Redaktion finanzen.net / dpa-fx / Dow Jones Newswires
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