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The market turns!
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Loading...US stocks fell and state treasury rose after the Trump administration said it would slap tariffs on goods from key trading partners.
The S & P 500 index fell for the second time three days after the commission's secretary Wilbur Ross said the US would impose charges on steel and aluminum from the European Union, Mexico and Canada. Mexican and European officials said they would avenge. Shares in Europe fell, and the euro erased the profits. Return on 10-year US dollars fell to 2.83%, while the dollar climbed.
Trade pressure seemed ready to boil again on Thursday as The Trump administration has taken action against key allies who said they would react. The dispute has shifted attention from the ongoing political turmoil in Europe ahead of Friday's job report, which will bring indicators for the next Fed's policy move.
"We will be filled with tremendous uncertainty in the summer." David Adder, master macro of Informa Financial Intelligence, for Bloomberg. "I do not see that at this point we have a big game of focus, I see a lot of uncertainty, which leads to a lot of instability."
Source: Bloomberg Pro Terminal
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