The world markets of basic products faced a strong liquidation in Thorsday, with oil, copper and agricultural products looting after the president of the United States, Donald Trump, announced aggressive tariffs on key commercial partners, increasing the fears of a global recession. Meanwhile, Gold increased to a historical maximum when investors went to safe assets.
Trump imposed a minimum 10% rate in most American imports, with significantly higher tariffs in the goods of diseases, including China. This movement is expected to trigger reprisal measures, further interrupting commercial flows and cushioning the demand for US exports.
Petroleum and Copper Slide in the middle of Global Conerns growth
The recession of the basic products market was driven by fear of economic slowdown, with oil and copper, both closely linked to global growth, suffering strong losses.
Brent Crude fell 2.6% to $ 73.03 per barrel, while
The crude US West Texas Intermediate (WTI) fell 2.6% to $ 69.83.
“A slowdown in economic activity would naturally translate into Waker’s demand for fuel,” said Priyanka Sachdeva, senior market analyst at the Phillip Nova runner in Singapore.
Copper and aluminum also slid 1.5% in the exchange of London metals, reflecting groups on industrial demand.
Voting representations of China and EU, the stock markets are submerged
China, who now faces 54% tariffs on exports to the United States, has promised countermeasures, as well as the European Union. The markets reacted negatively, with technological actions that carried the worst part of the sale of sales.
“Any retaliation rate by the impacted countries could weigh on global economic growth. The subsequent impact on industrial activity would see that basic products markets feel pressed,” said Daniel Hynes, a senior strategist of basic products of Anz Research.
Agricultural markets under pressure
China, the largest world importer of agricultural goods, can further restrict purchases of American agricultural products, leading to an already fragile sector.
Soy, corn and wheat decreased by approximately 1.5%.
Palma oil fell after a four -day rally, while Japanese rubber futures reached a minimum of almost three weeks.
Gold Surges to record high
Spot rose to a historical maximum of $ 3,167.57 per ounce, since investors sought refuge for market agitation. The precious metal has now won more than 19% in the year to date, driven by commercial tensions, geopolitical risks and the purchase of the Central Bank.
With the increase in uncertainty about the future of global trade, markets remain volatile, with analysts warning about new interruptions in basic products prices.
