Losses that liked them had to experience too long recorded within two days global markets Because of the announcements of dictatorial by Donald Trump on “Day of Liberation” on April 2.
The new US duty package against their commercial partners was followed by answers from the latter, except for the European Union (EU), which is still processing the moves, but the damage had already been done, leading to the stock markets and other markets.
China gave the loudest response, announcing a doubling of its duties against the US, reaching 34%with the US duty, with Donald Trump reporting that this is a “panic move”.
The EU is in negotiations with Washingtonalthough he says that a “first border of countermeasures in response to punitive duties” is ready and that the EU will receive “further countermeasures (…) if the negotiations fail”.
The plan it is processing includes duties on a number of American goods (eg Harley-Davidson motorcycles, whiskey, Caterpillar projects, Caterpillar projects and Samsonite suitcases) as well as services such as technology and digital services.
Sank the markets
The losses were also important for the Greek shares. After all, the negative impacts are expected to “hit” Greek companies exporting to the US, with duties reaching 20%. The most important goods Greece exports to the US They are foods such as cheese, olive oil, nuts, fruits.
However, the “creepy” from the perspective of a global recession affects all shares. On Thursday (03.04.2025), first meeting after Trump’s announcements, Athens closed with a loss of 1.77%, while the high capitalization index fell 1.93% and the banking of 3.7%. The downward trend continued on Friday as the General Index “wrote” 4.83% with the high capitalization index cracking 5.15% and banks in a free drop of 7.15%.
The same and worse was the reaction of other European stock markets. The Pan -European Stoxx 600 slipped 2.67% on Thursday, with Epirus giants being fierce, such as Adidas, which fell by 11.72%. The car ratio, which is now charged with 25%duties, lost 3.9%, while the banking was closed at -5.6%and technology at -4.5%.
In national indicators, the German DAX fell 3.08% by the French CAC 40 closed to -3.31%, the FTSE MIB in Milan lost 3.6% while in Madrid IBEX 35 lost 1.02%.
The mini crash continued on Friday, as the Stoxx 600 pan -European index closed 5%, marking the worst weekly loss of the year. The British FTSE 100 fell nearly 5%, the German DAX lost 4.7%or 1,100 points, and the French CAC 40 slipped by 4.3%. The Milan Stock Exchange slid up with 6.53% while Ibex 35 in Madrid fell 5.77%.
Asia’s stock markets were time and the first to react to Trump’s announcements. On Thursday, the Nikkei 225 Japanese index fell 3.24%, Hong Kong’s Hang Seng fell 2.08%, while CSI 300 in mainland China fell 0.66%. In South Korea, Kospi fell 0.84%, and Australia’s S&P S&P/ASX 200 slid by 0.94%.
On Friday, the Japanese Nikkei 225 slipped 2.8%, while Topix fell 3.3%. South Korea’s Kospi fell 0.9%while Australia’s S&P/P/ASX 200 slipped 2.44%, Thailand’s set fell more than 2%to the lowest level of the last five years. The shares of Hong Kong and China were rescued as they were closed for holiday.
But the big crash occurred on Wall Street where only 2 trillion was lost on Thursday. dollars from S&P 500. Dow Jones closed 3.98%, or 1,679 points recording the worst performance since June 2020. The S&P 500 lost 4.84% or 274 points, and Nasdaq led the sale with losses of 5.97% by recording the worse 20%. Friday’s sell off, as Dow Jones closed with more than 1,600 points, while the S&P 500 and Nasdaq closed both with a 5%”slide”.
As far as the foreign exchange market is concerned, although Donald Trump’s duties were aimed at boosting the US dollar and economy of the country, from the first day after Wednesday’s announcements, the euro made more than 2% rally against the US stock market, while the US stock market, against the dollar to exceed 0.1%.
How do bonds move and gold?
However, the move is reverse for bond markets, as investors are leaving their stocks in search of safer assets.
World government bonds have jumped in the aftermath of US President Trump’s announcements on duties on Wednesday, expanding their rise as China returned by announcing 34% of US tariffs.
The yield on the 10 -year US government bond fell to the lowest level of the last six months, to 3.867%, having slipped below 4% in the previous one.
European bonds took the example of the US, with yields receding both inside and outside the eurozone.
The German 10 -year -old Bund’s yield fell to one month to 2,484%, while the UK 10 -year yield fell to 4,381%, while both declined more than 10 bases after Donald Trump’s announcement.
Gold at the first meeting after the announcements moved up, with a spot price of 0.6% to $ 3,129.46 per ounce while US gold contracts stood at 0.6% higher at $ 3,166.20.
However, on Friday, gold prices fell nearly 2%, as investors liquidated their seats on bars after wider market sales, following China’s retaliation with new duties against US President Trump.
The golden spot fell 1.9% to $ 3,053.98 per ounce, while US contracts for gold fell 1.6% to $ 3,072.10.
According to analysts in Reuters, investors sell part of their portfolios in gold to cover the losses in other assets.