A look next to the next day in the European and global markets of Tom Westprick
American stocks have finally acquired overnight with what currency and bond markets say for several weeks: the slowdown is coming.
Nasdak's fall was 4 % more severe in two and a half years. The bond returns have declined sharply, and the markets are now pricing with a possibility of approximately 50-50 for the FBI cut rates in May.
Tesla shares have decreased in half since the post -election and dollars peaks, which were rising in anticipation of Donald Trump's policies, has now begun to slip while defining the definitions on his neighbors.
The so -called “Trump Trade” is completely declining and “Trump's situation”, or expected that it may be a sensitive fall in the stock market, not anywhere to be seen.
Citi has reduced the recommendation of the allocation of American assets, as it cut the shares to “neutral” from “weight gain” after the market closed, saying that in the next few months at least, it is not clear that the superior performance on the American economy can continue.
The Asian markets made its best to install the ship, and it helped a little because it is everywhere outside the United States, which will benefit from any return flows to the homeland of American assets.
The stocks in Tokyo, Soulay, Hong Kong and Sidni were out of their lowest levels early in the afternoon, but the mood was volatile. American stock futures also decreased in early trade, while recovering their losses, struggling to get a lot of progress beyond an apartment. (MKTS/Glob)
The scene in the currency market was quiet. The yen has risen weeks ago and moves to a new five -month peak in the Asian session – although some merchants, as they noticed, arrows reach this step in dollars/yen instead of the opposite.
The euro also did not show a reaction to the Greens in Germany and promised to prevent plans to increase military spending, perhaps in anticipation of a compromise deal.
The main developments that can affect the markets on Tuesday:
Profits: Volkswagen, TP ICAP
Economy: American tremors
(Written by Tom Westprick; Edmond Kalaman)
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