This Monday, international markets experienced a series of significant movements. The euro depreciated by 1.3%, reaching $1.0220, while the ounce of gold lost 0.4%, standing at $2,821. Meanwhile, the yield on the 10-year US bond fell to 4.55% and bitcoin dropped by 2.7%, settling at $95,238. Additionally, an increase in Brent oil of 1% was observed, reaching $76.44.
In the political sphere, President Donald Trump announced his intention to impose tariffs on products from the European Union in the near future. This news triggered a series of reactions in Asian markets. The Japanese Nikkei, the Australian ASX, and the South Korean Kospi recorded losses of 2.6%, 1.8%, and 2.5% respectively. On the other hand, the Chinese stock market remained closed due to the Lunar New Year holiday, although a negative reaction is expected when it reopens due to the tariffs imposed by Trump on Chinese exports to the US.
In response to this situation, the Chinese government has filed a formal complaint with the World Trade Organization and announced countermeasures in response to Trump's decisions. Furthermore, the US president also announced 25% tariffs on exports from Canada and Mexico, prompting both countries to announce their respective responses to this tariff war.
