120,000 euros reached the valuation of Bitcoinafter the announcements of the President of the USADonald Trump for duties – shock at the expense of the EU.
At the same time that Bitcoin jumped, future US stock -shares contracts fell and Asian shares fell to a cautious start of the week.
Contracts for the S&P 500 fell 0.4% and those for European stocks decreased by 0.6%. Asian shares fell 0.1%, led by Japan. The GEN was reinforced against the dollar. Silver won, negotiating close to the highest level since 2011. Bitcoin reached $ 120,000.
Trump’s latest duty threats are testing market durability, as the US leader raised commercial measures to everyone, from Canada to Brazil and Algeria last week. Despite the warnings of complacency, investors have so far behaved as if they are relying on the president to retreat, having seen previous upheavals from his government. The S&P 500 and the MSCI All Country World Index set a record this month.
“Investors should not be based on the fact that Trump will only bluff with the threat of 30% duties on EU products,” Brian Jacobsen, a head of Annex Wealth Management, wrote in an email. “This level of duty is punitive, but it probably hurts them more than the US, so time counts down.”