Wall Street has extended sales this Tuesday (Dow Jones: -1.55%; S&P500: -1.22%; Nasdaq: -0.35%) After the strong falls on Monday. Investors fear that the commercial war initiated by Donald Trump against Mexico, Canada and China cause a strong economic slowdown in USA, While the two neighboring countries have already announced response measures. «The 'dreaded rates' have already arrived. We will have to wait to check if there is a margin of negotiation or if, on the contrary, we are attending the beginning of a full -fledged 'commercial war'. In both cases, the impact will be negative for global economic growth and inflationsomething that will not be able to avoid the US economy, «they explain from Link Securities.» Yesterday, the Atlanta Federal Reserve his growth expectations for the US economy in the first quarter, calculating now that 2.8% will be contracted at anualized integramestral rate (Last Friday he calculated a contraction of 1.5% and only two weeks ago a growth of 2.3%), «these experts add. In this regard, Stephen InnesSpi Asset Management manager, states that « Bond market It is launching another ominous warning on the health of the US economy. «» Bond yield falls It usually acts as a safety network for actions, but only when the expectations of a more lax monetary policy (of the Federal Reserve) feed the fall, «he says.» But now that fall is due to the concerns about growthnot to a change of fed posture, and that is where things get ugly. Trump's last diatribe about tariffs has been the accelerator, «concludes Innes.
Repliations of Mexico and Canada
The possibility of a «full -fledged commercial war», as defines it, seems to increase with each fact that is known, and this Tuesday, Both Mexico and Canada have announced response measures to United States.
First, the president of Mexico, Claudia Sheinbaum, has assured that next Sunday she will announce «tariff and non -tariff» on the US. Sheinbaum stressed that the purpose of the measures you will announce «It is not starting an economic and commercial confrontation«But they seek to defend the interests of Mexican citizens and companies.» It is incredible that they do not think about the damage that will cause (tariffs) both to US citizens and the damage to stop the creation of jobs in both countryS, nobody wins with this decision, «said the Mexican president in her public speech. For her part, the Prime Minister of Canada, Justin Trudeauannounced on Tuesday the imposition of 25% tariffs on United States products. «At the moment when American tariffs entered into force this morning, the Canadian response also did. Canada will implement 25% tariffs against US products worth 155,000 million dollars, «he has detailed in his social network profile 'X'.
News of the day
As if this were not enough, Trump is also news because has paralyzed military aid to Ukraine To force Zelenski to sign the Agreement on minerals and negotiate with Russiaafter the discussion that both leaders held last Friday at the White House. For his part, the Ukrainian president said Tuesday that The country is «willing to sign» the mineral and security agreement with the United States «At any time and in any convenient format.» In the economic agenda, there are no relevant data planned for this day in the US. On Wednesday, the PMI and the ISM Services February, as well as the Beige Book of the Fed. In addition, we will know several data on the labor market, such as the ADP (Wednesday) report, the weekly unemployment (Thursday) and the February Employment Data (Friday).
NASDAQ 100 technical analysis
«The falls of the last sessions in the Nasdaq 100 They have led to the price of the index to move at important support levels, «explains César Nuez, an analyst for 'BitcoinDynamic'. Right now he is quoting in the vicinity of the 20,300 points. In these prices it presents an important support level, in addition to the average of 200 sessionsaverage in which it is very important that we see the return of purchases again if you want to maintain your main upward trend, «adds this expert.
Companies and other markets
Currently business, Tesla has dropped 4.47% after Chinese Tourism Association will inform one 49.2% drop in the sales of the electric vehicles that the company produces in the Asian giant Throughout February. In other markets, oil Brent It has dropped 0.67% ($ 71.14). For its part, the euro 1.16% ($ 1,0608) has been appreciated, and ounce of gold has added 0.93% ($ 2,928). In addition, the 10 -year American Bonus Profitability has rebounded 4,202% and Bitcoin has won 1.37% ($ 86,910).