Wall St slips with Asia stocks as US trade policy confounds
By Wayne Cole
Sydney (Reuters) -wall Street Futures Losses, as the latest threat tour in the United States, Drags Asia Stocks on Monday recipe The wars set aside investors, but the Serpinti was limited to the hope that it was mainly blurred. President Donald Trump.
Trump said on Saturday, even if they were locked in long negotiations, most of the EU and Mexico will apply 30% tariffs from EU and Mexico.
The European Union, until the beginning of August, measures against US tariffs will be suspended and negotiated agreement will continue to print, but Germany’s Finance Minister, taxes continue to call for a firm action, he said.
Investors have greatly activated Trump’s chaotic policy methods, and only one segment of the dollar euro gained only one segment.
“It is difficult to say that the silent market response is characterized by the best flexibility or peace of mind,” NAB said Taylor Nugent, senior market economist at NAB. He said.
He said: “However, it is difficult to pricit the price of headlines that determine where the tariffs will sit from August, when the negotiations continue.”
For now, the MSCI’s Asian-Pacific Shares Index has changed very little, and Japan’s Nikkei alleviated 0.5%.
S&P 500 futures and NASDAQ mature transactions alleviated 0.4%. The earnings season starts this week and big banks lead the package on Tuesday.
According to LSEG IBES, S&P companies are expected to increase their profits by 5.8% compared to the age of the year, decreasing a 10.2% gain expectation on April 1.
Analysts in Bofa said that the bar is low for gains with consensus, which sees a growth slowing down from 13% of the previous quarter.
In a note, “We are more constructive in the medium term,” We are more constructive in the medium term, “We expect a humble horse below 3% and below 6% of the last quarter.”
Powell
In bond markets, treasures received a very marginal security offer and 10 -year returns were kept at 4.41%. Futures for federal reserve funds and markets have been priced to alleviate more policy for next year.
While the FED President Jerome Powell points to a patient perspective on deductions, Trump imposes political pressure for a more aggressive stimulus.
The White House Economic Advisor Kevin Hassett warned that Trump might be reasons to fire Powell due to the Fed’s renewal costs in Washington center.
Trump said that it would be a great thing for Powell to resign on Sunday.
For June, the US consumer prices will be held on Tuesday and finally starting to show early pressures from tariffs, but retailers still have pre -tire inventory to be drawn, and some companies absorb costs to margins.
