Dow Jones-Bleichter is likely to start the US exchanges on Wednesday. The futures on the large stock indices are up to 1 percent in the minus. After closing the stock exchange, US President Donald Trump will announce details about the numerous customs increases that he threatened in the past few weeks. Until then, investors should hold back.
The increases should come into force on the following day, on April 3, as it was said from the White House. Puncture tariffs of 25 percent on cars and auto parts that were not produced in the United States were announced last week and already apply from today’s Wednesday that Trump declared “Liberation Day” (day of liberation).
The ADP labor market report for March was first published on economic data, which should give a foretaste of the official labor market report on Friday. According to this, 155,000 jobs were created in the US economy private sector last month. Managers had predicted an increase of 120,000. A little later, the February data follows the order intake of the industry.
During the day, Tesla will publish the sales figures of the first quarter. The stock gives 2.7 percent in advance. Analysts have recently screwed their expectations back to the number of Tesla vehicles delivered. The company has sold less of its electric cars in Europe and the USA in recent months. There are also fears that the political activity of Tesla CEO Elon Musk will deter potential buyers.
The high uncertainty continues to drive investors to the gold market. The price of the precious metal moves near the recently reached record high. Government bonds also record some influx.
The dollar gives way. Pepperstone expects the US currency to continue to be uncertainty. First of all, it was important to wait for the reactions of the trading partners affected by the tariffs. The question also arises as to what Trump will do after his customs decisions. His entire presidency will be shaped by constant back and forth.
The euro increases slightly to the dollar. The analysts of InG report purchase interest in the euro for courses under $ 1.08. The analysts suspect that investors are probably not willing to take over the narrative of the negative consequences of the US tariffs for the euro.
Meanwhile, the oil price tends easier. He is burdened by the fear that US customs policy will weaken the economy and thus the demand for oil, according to the trade. On the other hand, oil is supported by Trump’s recent threats to Russia and Iran. On Wednesday, the state Energy Information Administration will also publish the weekly data on the United States oil camp stocks. The US industry association API reported an increase in US oil reserves late Tuesday.
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(End) Dow Jones Newswires
April 02, 2025 08:19 ET (12:19 GMT)
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