In global markets, US President Donald Trump has published letters containing tariff rates for other countries.
After Trump took office, customs tariffs that do not fall from the agenda continue to be effective on the direction of the markets. While concerns that heavier tariffs may come after the latest tariff decisions announced by the USA, this situation emphasizes predictions that high taxes on imported goods may adversely affect global economic growth.
President Trump, in his letters against Japan and South Korea, said that 25 percent customs duties will be applied to all products sent from these countries to the United States as of August 1st.
In order to avoid high rates, Trump pointed out that the goods transferred through other countries will encounter higher tariffs, and that the tariff rate of 25 percent will increase in the case of retaliation.
Trump, Malaysia, Kazakhstan, Tunisia, South Africa, Bosnia and Herzegovina, Indonesia, Bangladesh, Serbia, Cambodia, Thailand, Laos and Myanmar’a released letters of tariff rates.
In the letters, Trump said that the tariff rates to be applied was 25 percent for Malaysia, Kazakhstan and Tunisia, 30 percent for South Africa and Bosnia and Herzegovina, 32 percent for Indonesia, 35 percent for Bangladesh and Serbia, 36 percent for Cambodia and Thailand, and 40 percent for Laos with Laos.
Trump reported that tariffs may change up or downward, depending on bilateral relationships. Stating that the tariff letters sent to some countries are the final offers, Trump said, “But if they come with a different offer and I like it if I like it.” he said.
President Trump also signed the decree on the extension of the postponement period of the tariff postponement on July 9th. Trump Trump, “I can say for sure, but not 100 percent. If they call and ‘we want to follow a different way.’ If they say, we will be open to this. ” He replied.
Trump’s decisions led to the continuation of uncertainties regarding the US Federal Reserve (FED) policy. Federal Federal Open Market Committee (FOMC) will be released tomorrow, the messages to be given from the meeting minutes will be the focus of investors.
With these developments, the US’s 10 -year bond interest rate, which tested 4.40 percent yesterday with concerns about inflationary pressures, was balanced at 4.38 percent today.
The price of ounce of gold yesterday closed at 3 thousand 336.55 dollars yesterday, today, today at the level of 3 thousand 335 dollars at the level of 3 thousand 335 dollars. The dollar index, which completed the day at 97.3 with an increase of 0.1 percent yesterday, is also present at 97.3, watching horizontally.
Tariff letters negatively affected the New York stock market
After Trump shared the tariff letters, a negative course was observed on the New York Stock Exchange. After the letters in question, some Japanese and South Korean companies traded on US stock exchanges declined.
Japanese automobile companies Toyota and Honda’s shares fell around 4 percent, while South Korean telecommunication company SK’s shares close to 8 percent and LG Display’s shares fell by more than 8 percent.
On the other hand, Tesla Senior Manager (CEO) Elon Musk’s plan to establish a political party after the company’s shares of the company’s shares lost about 7 percent today.
With these developments, the S&P 500 index yesterday at the New York Stock Exchange decreased by 0.79 percent, the NASDAQ index 0.92 percent and the Dow Jones index decreased by 0.94 percent. Index futures contracts in the US started the new day with a mixed course.
A positive course was watched except England in European stock markets
With the increase in hopes to make progress in trade talks with the US in the European stock exchanges, a positive course was watched except England yesterday. The news flow that the European Union is not expected to receive a letter that determines the tariff rates caused an increase in risk appetite in European stock exchanges.
The European Union (EU) reported that it is aimed to make a trade agreement with the US until 9 July. On the other hand, the confidence of investors in the Euro Region has reached the highest level of the last 40 months in July with the recovery signals in economies.
Industrial production in Germany increased by 1.2 percent compared to the previous month thanks to the strong growth in the automotive and pharmaceutical sectors in May.
Analysts said that the described data may reduce recession concerns in the region. With these developments, the FTSE 100 index decreased by 0.19 percent in the UK, while the DAX index in Germany was 1.20 percent, the FTSE MIB 30 index in Italy was 0.74 percent and the CAC 40 index in France rose by 0.35 percent. Index futures contracts in Europe started the new day with a mixed course.
Asian stock exchanges are positive
In the Asian stock exchanges, Trump pointed out that the open door can be left in trade talks and a positive course is followed with increasing risk appetite. After Trump stated that he could be open to talks, concerns that Asian countries would be damaged by the exports of the countries to the United States decreased.
The news stream that Japan could continue negotiations with the US also supported the Asian stock exchanges.
While the uncertainties regarding the policies of the Central Bank of Japan (Boj) continue, it is predicted that the Bank may consecrate interest rate hikes along with the new customs data announced by the US.
With these developments, Japan’s 30 -year bond interest increased by 10 basis points to 3.065 percent. On the other hand, the Australian Central Bank did not change its policy interest and kept it constant at 3.85 percent.
With these developments, the Nikkei 225 index in Japan close to closing, 0.3 percent in Hong Kong, Hang Seng Index 0.8 percent, Shanghai compound index in China 0.6 percent, while the KOSPI index in South Korea rose by 1.5 percent.
Stock Exchange Day completed with a decline
BIST 100 index in Borsa Istanbul, which followed a sales -weighted course yesterday, lost a value of 1.64 percent and completed the day at 10.107.68 points. In the Borsa Istanbul Futures and Option Market (VIOP) BIST 30 index -based contract, the August -term contract was traded at 11,940.00 points just above the normal session closing in the session yesterday evening.
Dollar/TL yesterday increased by 0.3 percent of 39,9613’ten closed, while the opening of the interbank market increased by 0.1 percent of 40,0060 is traded.
On the other hand, the Ministry of Treasury and Finance, yesterday a treasury bill and a state bond tender, 97 billion 224.8 million pounds went to borrow. Today, the Ministry will hold a tender for two government bonds.
Analysts, today, the data agenda in the country will watch calm, and abroad, the foreign trade balance in Germany will be followed, he added.
Analysts stated that the news flow of the tariffs is the focus of investors, technically, the BIST 100 index of 10,000 and 9,900 levels support, 10.200 and 10.300 points are resistant, he said.
