stock Exchange
U.s. shares, the dollar and interest rates on us treasuries fell after president Donald Trump’s orders to change the free trade agreements and the tax system.
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the Dow Jones index fell to 0.14 per cent to 19800 points on Monday. The S&P 500 index fell by 0,27 percent to 2265 points, while the Nasdaq index ended down 0.03 percent to 5554 points.
Fell in action
Monday’s biggest kursfall stood mobile technology company Qualcom for with just over 11 per cent.
the Reason is the lawsuit from Apple on eight billion for wrongful lisensbetaling on a patented piece. Bildeleselskapene Seminars and Genuine Parts also fell sharply. Trump promised Monday to put a “very high” grensetoll on goods imported from the u.s. companies abroad.
the Company with the greatest increase was in the carrier Csx Corp. by 3.7 per cent.
For a full list of exchange rates in all companies, go to the DN investor.
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In a meeting with business leaders on Monday said president Trump that he will cut taxes “massively” for both the middle class and the business sector – in addition, he will reduce regulations by 75 percent.
On his first day in The white house also held the Trump what he promised in the election campaign, and to stop the ratification of the negotiated free trade agreements with 11 asian countries, TPP, and renegotiate the agreement, the united STATES has with its largest trading partners, Mexico and Canada.
According to the Wall Street Journal reacted to the stock market negatively because there was uncertainty around what will be the outcome of renegotiation and the stop of the frihandelsavtalene.
– When you use phrases like “massively” and defines the cuts in regulations by 75 percent, it feels very vague. Investors like a bit of a higher level of precision, said Investeringssjef Jason Pride at Glenmede Trust Co to the WSJ.
-Basic errors
the Dollar weakened also on Monday, at the same time as the interest rate on ten year u.s.
government bonds fell to 2,390, down from 2,446 per cent on Friday. The interest rate falls when obligasjonskursen increases.
Since Trump was selected as the president of both the shares and the interest rates soared, just in anticipation of lower taxes and fewer regulations, but Trumps negative attitude to free trade agreements is now helping to draw both the assets down.
chief economist Harald Magnus Andreassen of Swedbank, says the politicians think they earn handelskriger.
But the understanding of that you can take to protect your own country against the competition is so fundamentally wrong. Business people don’t understand trade policy. They think it is to the benefit of the individual company, to the benefit of the country. It is wrong, ” says Andreassen.
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