Stock rally, US Treasury Yield Tariff Climbing Optimism

By Chak Mikolazakjak
New York (Reuters) -Global Stock on Monday operated by profit in US shares, while American Treasury yields rose after reports that President Donald Trump’s tariff scheme had previously thought, could use more targeted attitudes than promoting risk hunger.

Wall Street Journal and Bloomberg reported that Trump’s administration is likely to exclude a set of sector-specific tariffs when implementing the mutual levy on 2 April.

Equity has been under pressure in recent weeks, potential tariffs have been weighed with uncertainty and they can also damage the global economy as well as corporate profits.

A string of economic indicators has also pointed to cooling the consumer spirit as tariffs have increased concerns.

On Monday, Data showed S&P Global’s flash US composite PMI output index, which tracks manufacturing and service sectors, increased from 51.6 to 53.5 in February this month. A reading above 50 indicates expansion.

However, concerns about the rapid cuts in tariffs and government spending continue to keep the feeling of teeth, as the business confidence of the survey fell to the second lowest reading since 2022.

“Overall, the service side is a much more important component of the American economy, so I take it as good news,” said the main currency analyst Adam button at the Adam button, Forexlive in Toronto.

Dow Jones Industrial Average increased by 434.77 points, or 1.03%, to 42,419.10, S&P 500 increased by 79.85 points, or 1.41%, 5,747.41 and Nasdaq Composite 339.50 points, or 1.91%, 18,123.55. NASDAQ touched its highest level from 7 March.

The Gauge of MSCI of stock around the world reached 7.70 points after killing a two -week high of 851.89, or 0.91%, 849.69.

The MSCI index fell nearly 8% from its mid -February record on 13 March before reducing the decline of four weeks last week.

Tariff uncertainty was still weighed on other global stock index, and the Pan-European Stoxx 600 index closed down 0.13%.

HCOB’s initial overall Euro Zone Purchase Managers, compiled by S&P Global, had already increased in the European share session after the index, from 50.2 of February this month, it increased to 50.4 this month since August.

Trump is still planning to introduce new mutual tariffs next week, but questions about the size of questions and which countries will be targeted.

Trump said on Monday that any country buying oil or gas from Venezuela would pay 25% tariffs on exports to the United States.

The possibility of a more targeted tariff promoted the yield of American Treasury, with the yield on the benchmark to end the US 10-year-old notes 8.1 base points by 4.33% to end the four weeks fall after registering a slight increase last week.

Rafael Bstic, president of the Atlanta Federal Reserve, said that he looks at slow progress on inflation in the coming months, and now Fed hopes that by the end of this year only one -fourth of the percentage points will be cut in his benchmark interest rate.

The dollar index, which measures greenback against a basket of currencies, increased 0.35% to 104.39, at $ 1.0787 below 0.25% with Euro.

The dollar was traded up to 1.6% at 37.976 against Turkish Lira, after imprisoning the main political rival of Istanbul Mayor Ekrem Imamoglu, President Tayyip Erdogan, after imprisoning the country’s biggest protests in more than a day, pending corruption charges in the country’s biggest protests in more than a day.

Against the Japanese Yen, the dollar grew 0.86%, while sterling 0.08% softened to $ 1.2905.

The US crude grew 1.08% to $ 69.02 per barrel and Brent $ 72.91 per barrel, 1.04% a day, as Trump announced 25% tariff on oil and gas buying countries from Venezuela.

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