At Wall Street, the S & P 500 index jumped 9.5 percent, which is its greatest jump in the last 17 years, after the US President Donald Trump had delayed the application of additional customs for all countries, except for China.
The Dow Jones index increased by 7.87 percent, at 40,608 points, while the S & P 500 jumped 9.52 percent, to 5,456 points, and the NASDAQ index 12.16 percent, to 17,124 points.
For S & P 500, it is the largest daily jump from the 2008 Global Financial Crisis. Years and the third largest since World War II.
For Nasdaq, in turn, it is the largest jump from the ‘Dotcom’ crisis in 2001 and the second largest in history.
Yesterday’s trading began, with a mild growth of the index, and their strong jump was followed by Trump on social networks that it would be temporarily, to 90 days, in addition to China, to which will further increase customs to a total of 125 percent.
Finance Minister Scott Bessent explained later at the Media Conference that customs would be postponed, and that the basic, 10 percent customs would be paid to import almost all goods in the United States.
The delay will not be applied to previously introduced sectoral customs on cars, steel and aluminum, as well as at 25 percent customs for Canada and Mexico, and in the following months, Washington will negotiate with trade partners about the new conditions of mutual trading.
The increase in the customs on the import of Chinese goods to a total of 125 percent, the answer, said Trump, to the Chinese increase in the import of American goods to 84 percent, on the force of the 10th April.
Duty Delay in less than 24 hours since they were introduced was followed by the largest quantity decline in coronacrize prices, with the S & P 500 index sank 12 percent.
Yesterday’s jump indices have compensated for most of these losses.
“This is the key moment we have been waiting for. The first reaction of the market was extremely positive because investors find this forward to clarifying the situation, and the investors will have to deal with that uncertainty,” says Gina Bolvin Wealth Management Group.
After the Trump Detachment of the Customs, the Goldman Sachs analysts withdrew their recent risk assessment and ordered the growth of the US economy this year.
Kevin Gordon, Strategist in Charles Schwab, said, that this jump price after the previous sharp fall makes sense, but in such conditions no one can be sure.
“We will have to wait to see what the final policy is like, but the situation is changing almost daily. The question is whether the companies will make investment and employment decisions,” says Gordon.
Sharpen fell “index of fear”
In all 11 most important sectors, the S & P 500 priced indexes rose yesterday, and among the largest winners was the technological sector with more than 14 percent.
The prices of the shares of technological giants of Apple, NVIDIE and Tesla, which were sharply fell sharply, jumped between 15 and 22 percent.
Thanks to postponing the customs, the Vix index ‘fear’, which was moving on the highest days at the highest levels of 2020. year and coronacrize, yesterday fell sharply with 58 to 33 points. This means that investors make their own portfolios less than possible further falling stock prices.
And on European stock exchanges, which are closed before the Trump announcement, the stock prices of the fell yesterday. The London FTSE index slipped 2.92 percent, at 7,679 points, while Frankfurt Dax sank 3.00 percent, to 19,670 points, and the Paris CAC 3.34 percent, to 6,863 points.
