(BFM Stock Exchange) – American equity markets are falling down this Thursday, April 10, taking their breathing in the aftermath of a euphoric session.

The day after a completely crazy session, Wall Street takes its breathing. At the opening of the American markets, the Dow Jones gave up 1.7%, the S&P 500 abandons 2.2%, while the Nasdaq drops 2.9%.

The major American clues therefore mark a break after having experienced an impressive progression on Wednesday evening, reacting to Donald Trump’s decision to make “a” break “of 90 days on the reciprocal customs duties announced on April 2.

This announcement had catapulted the American clues. The Dow Jones won 7.9% Wednesday at the end while the S&P 500 took 9.5%. The Nasdaq Composite flew by 12.16%. According to John Plassard, from Mirabaud, the Dow Jones has signed its best session since 2008 and the Nasdaq its second best historical performance.

Regarding the latest news on the customs front, the European Union has announced the suspension for 90 days of the European response to new American customs rights.

“We want to give negotiations a chance,” said the president of the European Commission, Ursula von der Leyen, thus announcing the suspension of the measures adopted by the 27 member states on Wednesday afternoon.

Inflation that is combined with the drop in oil

Customs news almost made you forget the important statistics of the day, namely American inflation for the month of March.

Consumer prices fell more than expected last month, due to the withdrawal of oil prices. In March, they contracted 0.1% after an increase of 0.2% in February, according to the CPI index. This thwarts market expectations, which envisaged 0.1% increase in this index.

“This is notable because the last drop in aggregated prices dates back to July 2022, and before that, during the COVID period in March 2020,” said Florian Ielpo, head of macroeconomic research at Lombard Odier.

Over one year, consumer prices also slowed down more than expected, with inflation at 2.4% against 2.6% expected and after 2.8% in February.

Investors therefore take note of these inflation figures, first published after the announcement of customs duties. On this subject, Jamie Dimon, the boss of JPMorgan indicated in his last letter to the shareholders, to fear that the customs program of Donald Trump will come to fuel inflation, and cause a slowdown in growth.

“The recent customs tariffs will probably increase inflation,” said Jamie Dimon, who adds that he “is not certain at this stage that customs duties will cause a recession, but they will slow growth.”