The situation in the financial markets has deteriorated. Investors began to hope that President Donald Trump would change his tariff policy.
This is reported by RBC-Ukraine via Bloomberg.
Shares fell in the 7th quarter, bringing the three-day collapse in the value of global capital to approximately 9.5 trillion dollars.
The European Stoxx 600 fell by 5%. Asia experienced its biggest day since 2008. Futures on shares of the American S&P 500 showed a loss of 3%.
Trump is determined to adjust to tariffs, regardless of the anticipation of a recession from leading economists and criticism from the side of corporate hedge funds, such as his henchman Bill Ekman.
Trump, telling reporters aboard Air Force One to “forget about the markets for a second,” doesn’t care about sales, and has taken over Wall Street.
“It’s starting to look like the market is moving from a sell-on-the-sell-to-fuel-fueled attitude,” said Stefan Kemper, chief investment strategist at BNP Paribas Wealth Management. “The market is looking for the point of maximum pain, which time the Trump administration and/or the Fed will begin blink.”
Markets around the world collapsed due to sales. Tesla shares fell 10% after Daniel Ives, an analyst at Wedbush Securities, cut his target price. Apple, Amazon and Citigroup fell about 5%.
The European Stoxx 600 index has fallen to its lowest level since 2023, and the German DAX index has fallen by 10%, first to rise again. Defense companies, one of the best-performing stocks in the market, were among those that suffered the most, with investors piling up pennies by selling shares.
In Asia, the Hang Seng Index fell by 13%, and New Korea also unduly reduced sales orders for program trading. Politicians in China were talking over the weekend about stabilizing the economy and markets, including accelerating plans with more incentives to boost growth.
Nowadays, strategists have anticipated greater spending as the recession hits the market. Traders also advanced their focus on the Federal Reserve's interest rate cut.
Apparently, the President of the United States in the 2nd quarter announced that from the 9th quarter he would distribute 10% money to all countries and allocations for various partners. This led to a fall in stock markets around the world and a decline in naphtha prices. Russian nafta fell to 50 dollars. This mainly generated income for the war between Russia and Ukraine.