Wall Street has closed with a mixed sign (Dow Jones: -0.03%; S&P500:+0.38%; Nasdaq:+0.87%) This Tuesday after ending a March and a first quarter of lossesmarked by the Donald Trump's commercial war. In fact, the tariff policy of the president of the United States will continue to dominate the feeling of the market before the arrival of the 'Liberation Day'. And this Wednesday, April 2, the US president will announce reciprocal rates to all its commercial partners who, as they have advanced from the government, «They will immediately come into force». «Tariff concretion probably It will be as bad as it seems«, say from Bankinter. In fact, the United States plans a 20% tariff to most importsalthough the White House advisors warn that several options are being considered and that a definitive decision has not yet been made. «There is nothing flatly good in view that can counteract the consequences of Trump calling 'Liberation Day' and that consists in that Tomorrow will announce the details of the tariff; Not even the closest. This reminds of the enlightened despotism of the 19th century: 'everything for the people, but without the people' «, they add from Bankinter. Therefore, they consider that The key is «the impact of detailed tariffs (or not, that everything can be with Trump) to be announced tomorrow: cars, pharma, wood … or whatever, after applied to steel, aluminum, +20% generalized to China. After announcing a 200% tariff on champagne and wine, why not also tax the perclabes or underwear? It is the main problem: the uncertainty that this American enlightened despotism of the 20th century. And if something particularly dislikes the market is unpredictability, uncertainty«Thus, he already hopes that» the intentions of the US government in commercial matters are «clarified, something that may not end up, if you leave the door open to new tariffs or possible modifications of those announced, We hope that prudence will continue to be very present in investors' actions«They comment on Link Securities.
Prominent macro references
Beyond tariffs, the macro agenda will also focus the attention of investors, where the labor market It will be the main protagonist. Thus, during the next sessions the Private Employment Data of March (Wednesday) and the weekly unemployment requests (Thursday), while the main course will arrive on Friday with the Official Employment Report. In this session, the Jolls work and work rotation survey of Februarythat has fallen more than expected, as well as the PMI and ISM Manufactures March, which have shown a contraction of the sector after two months of expansion. «Between both indicators they will express Less activity and less abundant employment. We have already warned that the advanced indicators (conf.Michigan, Conf.Consumidor, Empire, etc.) of March show weakening, which should be clearly transmitted to the intermediate indicators (ISM, PMI …) and delayed (GDP, employment ..) One or two months later, «they indicate in Bankinter.
Companies and other markets
On the business level, OpenAIthe creator of Chatgpt, ha collected 40,000 million dollars in one New financing round led by the Japanese group SoftBank. This investment raises the valuation of the company to 300,000 million dollars. Besides, Tesla He has shot 3.59% before publishing, this Wednesday, The first quarter vehicle delivery reportfor which analysts have reduced their forecasts in recent weeks to the negative data that have come from markets such as the European Union (EU) or China. On the opposite side, Johnson & Johnson 7.59% have been left after The United States justice will reject the value proposition worth 10,000 million of dollars to end the demands that allege that their talc dusts for babies and other similar products cause ovarian cancer. In other markets, oil West Texas has dropped 0.39% ($ 71.21) and Brent It has retreated 0.43% ($ 74.46). For its part, the euro 0.26% ($ 1,0788), and the ounce of gold has lost 0.03% ($ 3,150). In addition, the 10 -year American Bonus Profitability It has relaxed 4,173% and the Bitcoin has added 2.58% ($ 84,924).
