- Dow Jones fell about 340 points on Friday.
- According to the White House, the reports of the tariff delay are false.
- PCE inflation in the US has met expectations, and trading tariffs are arrived this weekend.
The industrial average Dow Jones (DJIA) broke to the bear towards the tail of the trading session in the USA on Friday. Assumes actions after US President Donald Trump spokesman confirmed that trading tariffs against Canada, Mexico and China will be implemented on Saturday.
Reports before supermarkets suggest that President Trump’s team would throw a tariff, and the White House will be an institution policy of release that US trading partners will be able to exploit to soften the tariff’s blow to key industries. The reports were sufficient to maintain the mood of investors, and analysts from JPMorgan are turning, they expect a “basic case” without tariffs. However, the press secretary of the White House Karoline Leavitt crushed these hopes, repeating that import duties in the amount of 25% in Canada and Mexico and 10% tariff for all Chinese goods will be implemented from February 1.
President Trump changed the White House’s statements after a meeting closed with specific reporters, noting that the American tariffs for Canadian oil will be reduced to 10%, but also noting that there is nothing China, Mexico or Canada can stop tariffs. President Trump also repeated his promise of the campaign “Receiving the Panama Canal”. President Trump constrained the statements, indicating that additional steel, aluminum and “tokens” tariffs in relation to microprocessors will come in this or the next month.
White House: Earlier reports are wrong, the tariffs will come on February 1
Further frigid water was splashed on the mood of investors after the press secretary Leavitt confirmed that while President Trump “exploring” the release mechanism and release especially for the Canadian oil industry, nothing is currently in books. The US economy is largely based on the imports of Canadian oil, with most American refineries focused on processing bulky oil products from Canada and Mexico, and not lithe sweet oil products produced by American Pumps.
US President Donald Trump: I will impose tariffs on the EU
Personal consumption price index in the USA (PCEPI) Inflation on Friday on Friday appeared exactly that the key basic inflation indicators are stubbornly higher than the annual purpose of the Federal Reserve (FED), which hinders the American Central Bank for providing a central bank supply bank in a timely manner. In December, PCE inflation in the US remained at the level of 2.8%.
Dow Jones News
Almost the entire commission of Equity Dow Jones fell into red on Friday, and several technological giants managed to maintain gaunt profits for the whole day. Amazon (amzz) had 1.6% above the Friday opening offer of nearly 240 USD per share, followed by Cisco Systems (CSCO), which gained 0.4% on the day of exceeding $ 60 per share.
Chevron (CVX) fell to the bottom of Dow Jones, drowning 4.5% and falling below USD 150 per share. American energy companies are largely exposed to possible trading tariffs that may include Canadian oil sources. Chevron also reported a lack of profit for the action in the update of earnings in front of the market, citing lower margins on refined products.
Dow Jones Action
Bears Dow Jones on Friday auction was sent below 44,800, tightening the chances of stubborn record record maxim above 45,000. The main capital indicator is now testing back in the 44 600 region, and the last course of the DJIA bull seems to evaporate.
Dow Jones Daily Table
Economic indicator
Basic expenses for personal consumption – price indicator (Yoy)
Basic expenses for personal consumption (PCE), issued by Bureau of Economic Analysis USA Every month, it measures changes in the prices of goods and services purchased by consumers in the United States (USA). The PCE price indicator is also the preferred indicator of the Federal Reserve inflation (FED). Reading Yoy compares the prices of goods in the reference month with the same month a year earlier. The basic reading excludes so -called more unstable elements of food and energy to ensure a more exact measurement of price pressure. “In general, the high reading is stubborn for the US dollar (USD), while the low reading is bear.
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