(BFM Stock Exchange) – The main indices of the New York Stock Exchange rebounded this Tuesday, April 8, after having cashed the violent customs offensive by Donald Trump.
Wall Street is back in working order this Tuesday, April 8. The major American indices bounce strongly in the first exchanges, the Dow Jones and the S&P 500 increased by 3.3% while the Nasdaq Composite resumes 3.5%
Wall Street had managed to stop the hemorrhage on Monday, after three sessions of very strong drops. The American clues had then finished close to balance, the S&P 500 losing 0.2% while the Nasdaq Composite won 0.1%, after a very volatile day.
Markets navigating visibly
“It seems that investors recharge their long positions after the spectacular orientation of yesterday’s market, which seemed to end a frantic liquidation,” David Morrison, market analyst at Trade Nation, told CNBC.
However, investors remain on their guard when Donald Trump assured that he did not intend to change position on his customs surcharges but ajar the door to negotiation.
This is the case with Japan. The Prime Minister of the Land of the Rising Sun, Shigeru Ishiba, said he had reached Donald Trump to continue discussion on the customs duties he hopes to modify. Scott Bessent, US Treasury Secretary, said Japan would probably have priority in customs duties, because “they came very quickly”.
In Europe, it is also time for redemptions for good account. In Paris, the CAC 40 accelerates the increase and jumped 3.4%, to 7,160.90 points the day after a fall of 4.78%. On the Frankfurt side, the Dax increased by 3%, while in Milan the FTSE Mib bounced almost 3.3% at the opening of Wall Street.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.