By SIND Carv and Harry Robertson
New York/London (Reuters) – Both global equity and US Treasury yields fell on concerns about global trade stress on Thursday and US President Donald Trump, a possible impact on inflation and economic growth after US President Donald Trump threatened 200% of duties on European drink imports.
Trump said that if the European Union does not remove the American whiskey overload, the latest will be applied to a long list of tariff hazards. It came into effect on Wednesday after their increased tariff on US steel and aluminum imports.
In contrast, Thursday’s Labor Department’s Labor Statistics Data Bureau showed that American productive prices (PPIs) were unexpectedly unprecedented in February and Wednesday’s data revealed that consumer prices (CPIs) were increasing more gradually than expected.
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“If this trade was not running for war, the market will be firmly on inflation figures”, said Tim Fareski, senior portfolio strategist of Engels and Snadder in New York. “Merchants focus on business war.”
“It seems that (the US) administration is becoming very aggressive and at least promises at the point that it is for a long period and the personality is unlikely to return to the least period,” Ghiski said.
Bill Adams, the chief economist of Commerica Bank, wrote in a research note that the approach to inflation depends more than government policies such as Tariffs, Exile and Government Efficiency Department (DOGE) more depends on “backward -looking data releases”.
On Wall Street, Dow Jones Industrial Average fell 399.18 points or 0.97%to 40,951.75 at 02:47. S&P 500 51.21 points, or 0.91%, fell to 5,548.09, while NASDAQ fell to 231.66 points, or 1.31%, 17,416.79.
MSCI’s gauge gauge worldwide by 6.69 points or 0.81%to 824.16.
PAN-European Stoxx 600 index first stopped 0.15% after 0.81% increased in the previous day’s session.
While the US S&P 500 index is now about 6% below for the year, the government spending schemes for European stock defense and a potential Ukraine peace deal are better. Despite slipping in recent weeks, Stoxx Index is up to 6.5% years.
The US Treasury yields fell on Thursday as the tumbling stocks promoted the demand for safety US government date and threatened to promote dental development and inflation along with increasing trade wars between the United States and business partners.
The yield on benchmark US 10 -year notes fell from 4.316% to 3.6 base points 4.28% on Wednesday.
The yield of 30 -year bond fell from 4.631% to 2.9 basis points 4.6016% on Wednesday.
The 2 -year note yield, which usually moves with expectations of interest rate for the Federal Reserve, fell from 3.995% to 4.2 base points 3.953% on Wednesday.
In currencies, the US dollar was a mixed bag, weak against Japan’s safe haven yen, but received on the euro and Canadian dollars.
The dollar was 0.28% below the Euro $ 1.0855, but against the Japanese Yen, the dollar weakened 0.34%.
Canadian dollar weakened 0.39% vs Greenback at C $ 1.44 per dollar. Sterling weakened 0.06% to $ 1.2952.
On Wednesday, after rally on a large-to-the-to-approved draw in American gasoline shares, oil prices slipped on Thursday as traders weighed the expectations of comprehensive economic concerns and demand vs. supply.
The US crude 1.67%, or $ 1.13 $ 66.55 per barrel and Brent settled at $ 69.88 per barrel, settled at 1.51% or $ 1.07 a day.
On Thursday, gold prices reached a record high within the distance of major miles of $ 3,000 per ounce, with advanced tariff uncertainty and speed -powered speed in monetary policy by the US Federal Reserve.
Spot gold rose 1.71% to $ 2,981.92 per ounce. The US Gold Futures rose 1.51% to $ 2,983.50 an ounce.
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