(Reuters) – The New York Stock Exchange opened on Friday before turning quickly, while the markets remain feverish in the face of trade tensions between the United States and China.

In the first exchanges, the Dow Jones index earned 158.20 points, or 0.46%, at 39,779.07 points and the Standard & Poor’s 500, wider, took 0.53% to 5,297.71 points.

The Nasdaq Composite advanced 0.93%, or 156.10 points, to 16,542.64 points.

Washington decided to bring customs duties to Beijing at 145% which, in response, announced on Friday an increase of 84% to 125% of surcharge on American imports which must come into force on Saturday.

“The important customs duties imposed on China will disrupt the economy if they remain in place (…). Although risks of decline remain, we believe that the risk of a more serious economic recession is now more limited,” said Mark Haefele, head of investments at UBS Global Wealth Management.

Price growth in production (PPI) in the United States fell unexpectedly in March, according to statistics published Friday by the Labor Department, due to a sharp drop in the cost of energy products, while customs duties on imports should lead to an increase in inflation in the coming months.

To values, gold extraction companies jump, online with the increase in the prices of ingots; They earn between 4% and 8%.

The main American banks turned to the decline, except JPMorgan Chase, which earns 3.47% after having reported on Friday of a 9% increase in its profits in the first quarter, in particular increased by the increase in income from transactions and trading.

Wells Fargo lost 2.62%, Blackrock abandoned 1.78% and Bny fell by 3.38% after their results.

* For the values ​​to follow, click on [L5N3QP0KH]

(Written by Mara Vîlcu and Diana Mandiá)

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