Wall Street has closed with new falls this Tuesday (Dow Jones: -1.14%; S&P500: -0.75%; Nasdaq: -0.18%) behind him collapse Monday and revive the fear of a recession for Donald Trump's commercial policy. This, after investors also knew the AGREEMENT FOR A «HIGH PROVISIONAL FIRE OF 30 DAYS» BETWEEN THE US AND UCRANIA, WHICH MUST BEFORE RUSSIA.
And it is that the US president continues to write new chapters in terms of tariffs, and on this day he has indicated that his administration is going to Raise to 50% the rates to the imports of steel and aluminum of Canada in Response to Ontario's decision to impose an electricity tax sent to the United States, which has subsequently been suspended .. «on the basis that Ontario, Canada, imposed a 25% tariff on the 'electricity' that enters the United States, I have instructed my secretary of commerce so that Add an additional 25%tariff, to 50%, especially steel and aluminum that enter the United States from Canadaone of the nations with the highest tariffs in the world, «the president has published in his social truth network. Trump has also indicated that They will come into force this WednesdayMarch 12, in the morning. After this, the Prime Minister of Ontario, Doug Ford has announced the suspension of the rate announced yesterdayand has revealed new negotiations to emphasize the commercial relationship between the two countries. «Secretary Lutnick agreed to meet officially with Prime Minister Ford in Washington on Thursday, March 13, together with the United States commercial representative for discuss a renewed T-MEC before the deadline of reciprocal tariffs on April 2«He has detailed.»Recession bets increase day by daycompanies are giving more murky forecasts due to tariffs and the main business partners of the United States respond. (…) Trump optimism has vanished«, Value Ipek Ozkardeskaya, Swissquote Bank's senior analyst. Goldman Sachs has trimmed its growth forecast for the United States due to Trump's tariff policy. The bank ha reduced its GDP estimation by 2025 to 1.7% from 2.4%. «The reason is that our assumptions about commercial policy have become considerably more adverse,» said his chief economist, Jan Hatzius. In addition, Goldman has raised his forecast for PCE inflationthe favorite measure of the Federal Reserve (FED) to calibrate the evolution of prices, up to 3% at the end of the year, compared to its previous 2% estimate.
Agreement for a high fire in Ukraine
The news of the day has also been located in Saudi Arabiawhere the delegations of Ukraine and the US have reached an agreement for a «High the 30 -day provisional fire«, which must endorse Russia.» Ukraine expressed his willingness to accept the United States's proposal to establish a high provisional fire, which may be extended by common agreement between the parties and that will be subject to simultaneous acceptance and application by the Russian Federation«, have indicated the delegations of both countries in a joint statement. After the agreement, The United States will «immediately» the pause in the exchange of information and will resume assistance in security to Ukraine.
Inflation, protagonist
From the macro point of view, the market awaits with interest the Inflation data that will be published during the next sessions. The most prominent of all of them will be the February CPI (Wednesday) and for which a slight moderation of the general rate up to 2.9% From 3%, and that the underlying variable is located at 3.2%from 3.3%. «If it comes as expected, the market will calm down a little. But if it disappoints, then the concern about a weakened economic cycle accompanied by sticky inflation and the readjustment of the bags would continue, «they say in Bankinter. The production prices and the Weekly unemployment data (Thursday).
Companies and other markets
On the business level, Delta Air Lines It has sunk 7.25% after Cut your forecasts in the United States Before lower demand for your national flights. While, American Airlines has warned that «The income environment has been weaker than initially expected Due to the impact of flight 5342 «, rugged on the Potomac River in January of this year, and also to» the weakness in the domestic leisure segment, mainly in March «. On the opposite side is located Teslawhich has bounced 3.79% after collapsing 15% on Monday and registering its largest fall in five years. It has also risen Boeing (+3.99%), after Fitch Ratings will ensure that the company «continues to stabilize its operations amid commercial and geopolitical tensions«In other markets, oil West Texas has risen 0.71% ($ 66.51) and Brent It has advanced 0.77% ($ 69.82). For its part, the euro 0.85% ($ 1,0924), and the ounce of gold has won 0.96% ($ 2,927). In addition, the 10 -year American Bonus Profitability It has revalued 4,278% and the Bitcoin has added 5.27% ($ 82,950).