US future indexes operate down on Friday (11), with persistent concerns around commercial tariffs. China retaliated the tariffs imposed by US President Donald Trump, raising from 84% to 125% the rates on US products, according to a statement issued on Friday by the Council of State Customs Commission.
The day before, the Trump administration confirmed to CNBC that US tariffs on Chinese imports now actually add 145%. Expectations for an agreement to relieve commercial tensions between Washington and Beijing dissipated rapidly after China responded last week with reciprocal tariffs on US products and wide restrictions on US companies.
Investors now turn their attention to the series of balance sheets that will be released on Friday by major US financial banks and financial institutions, marking the beginning of the first quarter results season. Morgan Stanley, Wells Fargo, JPMorgan Chase and Blackrock are among the names that must present their numbers, offering signs about the health of the American economy.
United States
In the economic field, after the Consumer Price Index (CPI) records an unexpected drop in March, investors await on Friday the disclosure of the Producer Price Index (PPI) of March and the preliminary reading of the consumer sentiment of the University of Michigan for April.
See the performance of future markets:
- Dow Jones Future: -0.32%
- S&P 500 Future: -0.31%
- NASDAQ FUTURE: -0.33%
Asia-Pacific
Asia-Pacific markets ended Friday with mixed performance, reflecting the resumption of settlement on Wall Street the day before and increasing commercial tensions between the world’s two largest economies, which intensified the climate of risk aversion.
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The cumulative tariff over China would now be 145%. The amount includes the new 125% tax on goods, in addition to the 20% tax linked to the Fentanil crisis.
- Shanghai Se (China), +0.45%
- Nikkei (Japan): -2.96%
- Hang Seng Index (Hong Kong): +1.13%
- Kospini (South Korea): -0.50%
- ASX 200 (Australia): -0.82%
Europe
European markets operate in low, with a volatile week for actions approaching the end and concerns about a trade war between the US and China persisting.
Trump’s so -called reciprocal tariffs came into force earlier this week, before they were temporarily reduced to 10% for 90 days, allowing commercial negotiations with most about 90 countries and targeted territories. However, rates on imports from China have been increased.
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- Stoxx 600: -0.68%
- DAX (Germany): -0.80%
- FTSE 100 (UK): -0.06%
- CAC 40 (France): -0.60%
- FTSE MIB (Italy): -1.02%
Commodities
Oil prices go up, but should fall for the second consecutive week due to concerns that the prolonged trade war between the United States and China, the largest economies in the world, will crush gross oil consumption as the dispute restricts economic growth.
Iron ore quotations in China ended the week in the red, with the US and China trade war affecting the prospects for demand.
- WTI oil, +0.25%, at $ 60.24 the barrel
- Brent oil, +0.21%, at US $ 63.46 the barrel
- Iron ore negotiated on the Dalian Stock Exchange, +0.71%, at 708.00 Iuanes (US $ 96.79)
Bitcoin
- Bitcoin (BTC), +2.72% to US $ 81,685.49 (in relation to the 24 -hour quote)
(With Reuters and Bloomberg)