Futures linked to the Dow Jones index fall 0.61% to 37,416 points, while those of the S&P 500 decrease 0.36%, in 4,964 points. Nasdaq 100 futures rise 0.20% to 17,126 points supported by an attempt to rebound values such as Apple or Nvidia.
The large New York indices come from a very volatile day in which the S&P 500 went from raising more than 4% to register strong losses of practically the same level. Finally closed with a 1.6% decrease for close almost 19% below its historical maximumso today could fall into the bearish market (a fall of at least 20% since its last maximum).
The high volatility was also reflected in the Dow Jones, which rose 3.9% in its maximum daily but ended up falling 0.8% at the end of the regular day. In four consecutive days of falls, the Dow has lost more than 4,500 points, while the S&P 500 has suffered a loss of 12%. The Nasdaq Composite has fallen more than 13% in that period. Yesterday the Nasdaq dropped 2.15%.
All eyes are still on the US tariff policy after yesterday the US president Donald Trump announced a new round of tariffs that will take effect this Wednesday just after midnight, including A 104% tax on Chinese imports. Customs will begin to collect new tariffs on imports from 86 countries.
Some affected countries are about to get back. Canada has already confirmed its plans to apply 25% retaliation tariffs to vehicles made in the US, which is expected to enter into force after midnight. This includes vehicles that do not meet the treaty between the United States, Mexico and Canada, in addition to the non-Canadian or Mexican content of totally assembly vehicles that meet the T-MEC and admitted to Canada from the United States.
Meanwhile, China does not seem scared by the pulse with Trump. The China Ministry of Foreign Affairs has reiterated that Beijing will take «resolved and forceful» measures to protect your own interests. «If the US really wants to solve the problem through dialogue and negotiation, you must show an attitude of mutual equality, respect and benefit,» said the spokesman of the Ministry of Foreign Affairs, Lin Jian, at a press conference.
«Our base scenario is that, over time, tariffs will decrease considerably with respect to the current level, but will remain above the limits, at the highest levels of our history,» says Andy Laperriere, Piper Sandler analyst. «They are more likely to increase in the short term, although there could also be some agreements (probably minor) in the short term.»
The macroeconomic agenda on Wednesday is presented without important references. Yes, the minutes of the last meeting of the Federal Reserve will be known, already in the final stretch of the session.
In the business field, one of the protagonists in spite is Apple. The technological giant has suffered a lot in recent days, since it is expected that an increase in costs with the arrival of the new tariffs of China is expected. The actions almost 23% have fallen in the last four dayswhich marks Apple’s worst in that period since October 2000. The company has also seen as Microsoft snatches the throne of the most valuable quoted company in the world.
Today Delta Air Lines is expected to present its quarterly results. The market consensus predicts profits of 39 cents per share and income of 13,460 million dollars, with falls of 13.3% and 2.1%, respectively.
In fixed income, the profitability of the bonds rise strongly, showing that this time they will not be a shelter to protect themselves from the drops of the bag. Among rumors of sale in the China market (second largest American debt holder), the profitability of the US bonus at $ 4,363%, while the two -year bonus pays 3,808%.
The other active shelter par excellence, gold, rises 2.40% to 3,062.20 dollars an ounce, although it still remains below its historical maximums last week.
Without leaving raw material markets, Petroleum prices fall at their lowest level in more than four years. To the concerns about the demand, fed by the climbing of the tariff war between the US and China, the perspectives of increasing the supply due to the supply plans of the OPEC+are also joined. The futures of the American West Texas fall 4.30% to 57.03 dollars per barrel, while the International Reference Petroleum drops 4.14% to $ 60.22 per barrel.
Today the dollar records considerable falls compared to its main international peers, with the euro rising 0.84% to a crossing of $ 1,1058 for each single currency.