Investors are afraid that the escalation of trade war by the US president will lead to recession the world and the US economy
The impulse wave from the duty bomb dropped yesterday by Donald Trump has caused strong shocks on Wall Street and the stock markets internationally, as fears are expressed that the escalation of trade war by the US president will lead to the US president.
In the midst of ever -increasing uncertainty, investors today have fallen from equity values ​​today, seeking security in so -called investment “shelters” such as gold and other fixed income assets.
In Wall Street, all three main indicators from the beginning of the meeting moved to the “deep” red and completed the day with strong losses, with the S&P 500 and Nasdaq even recording their largest daily decline from June and March 2020, respectively.
Specifically, the Dow Jones industrial index diled 1,680 points or almost 4% lower on Thursday and finished the meeting at 40,545 points.
The wider S&P 500 sank by 4.84%to 5,396 points, eliminating capitalization of 2 trillion. dollars, with the index even entering the correction area.
The strongest blow, however, was taken by the Nasdaq technical index, which scored almost 6% and closed at 16,550 points, dragged by the strong “dip” of large technological giants. Indicatively, it is noted that Apple’s title recorded more than 9%losses, Nvidia’s stock lost almost 8%, while Tesla’s title closed 5.5%. Nike also recorded strong losses by 14.4% and GAP by 20.4%.
In the deep red, the Russell 2000 low -capitalization index also ended, which completed 6.55% lower to 1,911 points, expanding its losses from historical high of 2021 to 20%.
Heavy losses in European markets
The “panic” triggered internationally by Trump’s duties has led to a strong fall in European stock markets, as fears of a possible recession of the European economy intensified.
The Pan -European Stoxx 600 index closed with a strong dip of 2.57% at 523.12 points and the Euro Stoxx 50, with Eurozone’s heavy papers, sliding 3.57% lower at 5,112 points, with large retail players with a worldwide. closed with 11%drop. Strong losses 9.5% was also recorded by the title of the Maersk Maritime Colossus, which is also considered a barometer for the course of world trade.
The car industry declined 3.9% as a result of the 25% duty imposed by Donald Trump on all US-imported cars, while the technology industry (-4.5%) and banks (-5.6%) also closed with heavy losses. On the contrary, the utility sector, traditionally a defensive choice in times of turmoil, closed with a 3%rise.
In the deep red, the main European stock markets are also moving. In Germany, the DAX index completed the day with 3.08%, in France the CAC 40 closed 3.31%, in Italy FTSE MIB recorded a 3.60%dip and in Spain Ibex 35 lost 1.02%.
In Britain, meanwhile, where Trump’s tariff attack was much milder as it imposed only 10%duties, the FTSE 100 closed with a 1.55%drop.
Dives of 6.5% for oil in the wake of Trump duties
The fears of recession triggered by the sweeping duties announced by Trump to all US imported goods have led to strong losses of oil.
In particular, the US crude (WTI) contract closed $ 4.76 or $ 6.64% lower, at $ 66.95 a barrel, with its highest daily decline from July 11, 2022, while Brent oil price declined by $ 4.81 or $ 6.42% in $ 70.14%. August 1, 2022.
Earlier eight member countries of OPEC+ agreed to increase their combined production by 411,000 barrels a day, starting in May, accelerating the planned production increases by exerting additional pressure on international oil prices.
In particular, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, at a video confession on the international market, have decided to increase their combined production far more than the increase of almost 140,000 barrels a day.
Strong 1.77% on Athens Stock Exchange
Strong pressures were raised by shares at today’s Stock Exchange meeting amid a negative climate in international markets.
The General Price Index closed at 1,678.70 points, down 1.77%.
Intra-conference recorded a higher price at 1,712.13 points (+0.19%) and a lower price to 1,676.28 points (-1.91%).
The value of the transactions amounted to EUR 221.24 million, with 45,597,934 shares.
The total market capitalization fell by € 1,764 billion.
The high capitalization index fell 1.93%, while the middle capitalization index fell 1.85%.
Of the high capitalization shares, the shares of Coca Cola HBC (+2.67%), OTE (+1.92%) and Sarantis (+0.31%) rose.
On the other hand, Eurobank (-4.85%), Elvalhalcor (-4.18%), Motor Oil (-3.96%), Aegean Airlines (-3.73%), Piraeus (-3.48%) and Alpha Bank (-3.36%) fell the biggest decline.
The largest volume of trading was presented by Alpha Bank and Eurobank with 17,255,383 and 6,485,515 shares, respectively.
Alpha Bank with 38.29 million euros and Nationals with EUR 33.91 million was the highest value of transactions.
23 shares went up, 87 and 16 remained stable.
The shares rose the most: Progressive (+10%) and Beitros (+3.39%).
The biggest decline was recorded by Attic Publications (-9.57%) and Elastron (-7.11%).
High capitalization index shares were closed as follows:
Aktor: 5,0200 -2.71%
Optima: 15,3400 -3.16%
TITAN: 41,3500 -3.16%
Alpha Bank: 2,1880 -3.36%
Aegean Airlines: 11,3500 -3.73%
Viohalco: 5,6900 -1,90%
GEK TERNA: 19,3600 -1,34%
AIA: 9,1300 -1,64%
PPC: 13,6000 -1.73%
Coca Cola HBC: 43,1400 +2.67%
ELLAKTOR: 1,4500 -3.20%
ELPE: 7,6150 -1,68%
Elvalhalcor: 2,0650 -4.18%
NATIONAL: 9,2760 -3,19%
EYDAP: 5,8300 -1.52%
Eurobank: 2,4720 -4.85%
Lamda Development: 6,6100 -0.30%
Motor Oil: 21,3600 -3.96%
Jumbo: 24,7600 -1.82%
MYTILINE: 40.5000 -0.74%
PPA: 38,1500 -2.68%
OPAP: 18,3000 -2.03%
OTE: 15,9100 +1.92%
PIRAEUS: 4,9900 -3.48%
SARANTIS: 13,1200 +0.31%
Source: Skai
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