Golf markets are influenced by the wave of global decline. Losses are more than 5%

Golf markets dropped sharply on Sunday with the start of trading, influenced by a global sale wave that swept the financial markets after the new US Customs duties came into effect, in light of a mutual escalation with several countries around the world. The indicators of Kuwait, Qatar and Saudi Arabia recorded losses of more than 5%at the opening, while the Muscat market index fell by more than 2%, while the Bahrain market index fell by almost 0.5%last week, amid a wave of danger of dangerous assets in world markets. These declines came after statements by Federal Reserve President Jerome Powell, warning that the economic damage of the trade war could be deeper than expected, with the possibility of high inflation and slowdown. As for the UAE markets, which close their doors today, the trading has ended the losses of all its profits last week since the beginning of the year. A sharp drop in the global markets, the “S&P 500” index, has losses of about $ 5 trillion in two days in its worst performance since March 2020, after a sharp drop of 6% Friday. While the Nasdaq 100 index officially entered the falling market area, it pulled over more than 20% of the last high. Oil prices folded to their lowest levels in four years with the decline of the Western Texas -Tussentage futures, about 14% in just two days – which near the $ 61 per barrel equal to the sharp losses they entered into during the epidemic – while the brittle of the brittle ended at the lowest level. Poor demand raw materials. The price of copper fell by 67.7% to reach its lowest level since January, while futures for reference to natural gas in Europe at one time fell by more than 10%. The wave states are subject to the minimum fees of Trump, the imposition of a minimum of 10% of customs duties on all countries exported to the United States, including the Gulf States, announced. While additional fees were set between 30% and 41% on six main countries, including China, Japan and European countries, the market raised concerns about the future of the global trading system. Observers believe that the potential effects of Trump’s commercial policy will not only impose fees, but can expand to include universal supply chains and an increase in raw material prices, which means that the effect will be short -lived and not excluded from any country. Majid Al -khaldi, the first financial analyst at the newspaper “Al -iqtisadiah”, said that the flurry of sale in the global goods and money markets reminds us of the days of Corona, “and adds that the psychological psychology of the clients is weak and it appears from the decline in circulation. The Chinese reaction, in addition to the decline in oil prices, “according to Al -Khalidi.