The US stock market scared new duties from trump
World stock markets mixed on renewed concerns about further development prospects of trade relations between the US and China.
Major US stock indices dropped on Tuesday in the range of 2% against the backdrop of threats of U.S. President Donald trump about a possible increase to 25% import duties on goods from China. And later, the us authorities have added that this increase could take place in the end of the week — on the night of Friday. However, it is still expected that the commercial negotiations between the parties will continue.
Asian markets Wednesday lost more than 1% on major indexes on the background of commercial uncertainty. Also disappointed market participants and statistics on the Chinese economy. In April, exports from the country fell by 2.7% and imports increased by 4% while market expected growth of exports by 2.3% and imports decrease by 3.6%.
European indexes are rising in the background were better than forecasts statistics on the German economy. The volume of industrial production in the country in March has grown on 0,5% in comparison with February, although the market is expected to fall by 0.5 percent.
The Russian stock market on Wednesday reduced to within 0.5% before the long holidays. The ruble strengthened more than 10 cents against the dollar and 2 pennies to the Euro on the background of some recovery in world prices for oil after falling more than 1%.