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(Reuters) – The future of the American stock index confiscated Monday, when he regained some losses after the last session, as steel makers led the gains after US President Donald Trump said he would impose an additional tariff on steel and aluminum imports.
Trump’s commercial escalation appeared on Sunday, when he said that he would offer a new 25 % tariff on all steel and aluminum imports to the United States, as well as metal -based duties.
The United States increased 9.7 % in pre -market trading after the Prime Minister in Japan said that Nippon Steel is studying a bold change in its plan to buy the company.
The shares of other steel makers also increased, as Cleveland Collifs jumped more than 12 %, while NUCOR has added approximately 10 %. The aluminum product was 6.2 %.
Trump also said that he will announce a mutual tariff in all countries on Tuesday or Wednesday, which is almost effective, and matches the definitions imposed by each country.
“The risky assets get somewhat sensitive to declare Trump’s tariff,” Economists in Jeffrez said in a note.
“(Definitions) will cause fluctuations, which are a negotiating tool and will eventually be bad as he was afraid.”
At 04:36 AM Et, Dow E-Minis rose 122 points, or 0.27 %, S&P 500 E-Minis rose 21.5 points, or 0.36 %, and Nasdaq 100 E-Minis rose 116 points, or 0.54 %.
Most of the MEGACAP and Growth shares increased, as Microsoft and Meta platforms increased by 0.6 % for each of them.
The profits of the Dow McDonald’s profits are scheduled later in the day.
Coca-Cola, Doordash, CVS Health, Health and Computer Networking Maker Cisco are some prominent companies that are expected to report the results later this week.
All three major indexes fell about 1 % in the last session, and weekly losses after Trump said he was planning to announce mutual definitions in many countries.
Meanwhile, US Federal Reserve Speaker Jerome Powell will witness in front of Congress on Tuesday and Wednesday. It is expected that the consumer price index in January will be issued in the early hours of Wednesday, before Powell’s certificate on the same day.
Discounts expectations were strengthened in the prices of the Federal Reserve in March after the mixed US employment report on Friday, at a rate of 4.0 %, which is likely to grant the Central Bank cover to reduce interest rates at least to June.
Federal reserve officials said on Friday that the American labor market is strong and indicated a lack of clarity on how Trump’s policies affect economic growth and high inflation.
