United States Scholarships fall after Trump indicates a possibility of recession
Market expected some more direct signs from Trump about the economy, and certainty about implementation of tariff policy, coupled with the retaliation of other countries because of taxes discouraged consumers and the private sector. Recession forecasts gained strength after the Fed (Federal Reserve, Atlanta Central Bank) estimated a 2.4% contraction in GDP in the first quarter. “Throughout the first term, he showed concern about the performance of the American scholarship, often associating the success of management policies with market performance,” recalls Bruno Shahini, an investment expert at Nomad.
Technology companies had strong falls. Tesla plummeted 15.4%, erasing the gain recorded since Trump’s election. Google those accumulated 4.41% in losses. The goal and Apple lost more than 4% and Alphabet fell by 4.49%. Microsoft, Amazon.com and Nvidia closed down more than 2%. “Companies that have a lot of liquidity, which always operate, have always been very close to that idea of those vectors at the moment end up exacerbating discharge and falling movements,” says William Castro Alves, Avenue’s chief strategist.
Trump did not rule out that prices may occur later this year in the US. For him, his tariff strategy (which surpass imports such as steel) and public spending cuts are part of a “necessary transition.” Public sector layoffs launched by the government by their billionaire advisor Elon Musk generate even more concern
Bags in Europe also had a negative variation Monday. In Frankfurt (Germany), the Dax It was the one that had the biggest drop: -1.69%.in Spain, the IBEX -35, in Madrid, closed with -1.32%. The devaluation of the Lisbon Stock Exchange (Portugal), the PSI20, was 1.19%. The Milan Stock Exchange (Italy), FTSE/MIB, devalued 0.95%. In London, the Financial Times rate retreated 0.92%. And in Paris (France), the CAC-40 had a loss of 0.40%.
* With information from Estadão Content
