Repeated twists and turns on the financial markets with a President of the United States who is more unpredictable than Trump you can't. In the late afternoon, when the European stock exchanges had already closed in deep red, The Donald surprised everyone once again and the American stock markets immediately took off. Faced with pressure from Wall Street and the entire American and international financial community, the President has dramatically backtracked and suspended for 90 days the duties of all the world, except for the China for which he raised them to 125% because it is now open war. The reaction of the American markets after Trump's move on duties was immediate: two hours before the closing, Dow Jones has shot up to 6,6%, S & P 500 even at 7,63% and the Nasdaq even at 9,63%. It is likely that the leap upwards of the American stock markets will also infect the European lists tomorrow, which today experienced another passionate day with losses in the order of 3% and exactly 3,34% for Paris, 3% for Frankfurt, 4,15% for Zurich and 2,75% for MilanThe day was also characterised by the bond earthquake and the collapse of 30-year T-bonds and with the spread BTP-Bund which surpassed 130. But then everything changed and even Bitcoin recovered ground, rising above 80 thousand dollars. And tomorrow sparks are expected.
Trump backtracks and suspends tariffs for 90 days except for China and Wall Street soars
The suspension of duties suddenly decided by Trump, except for China, once again shakes the financial markets and Wall Street takes flight with stellar increases. It is likely that tomorrow morning it will also happen for the European stock markets that today closed with losses of around 3% before Trump's turnaround
