Asian stocks drop before the statement of 'mutual' Trump fees

Asian stocks dropped on Friday, influenced by the decline in US stocks, as concerns about the expected “mutual” customs duties and the increase in trade war overwhelmed the data that showed that the US economy had grown faster than previous estimates. The regional index of shares fell 0.8%, with indicators in Japan and South Korea decreased after the S&B 500 index and Nasdac 100 decreased, and the futures for US equity indicators decreased at the beginning of Asian trade. On the other hand, gold rose after registering a new record amid the increasing demand for safe ports. US Treasury bonds have fallen slightly for ten years. The markets were careful before President Donald Trump’s promise to announce mutual customs duties on April 2, after imposing fees on all cars’ imports to the country. After the data was released, the acceleration of US economy growth accelerated in the fourth quarter, and investors are awaiting another opportunity to judge the health of the economy on Friday, while announcing the data of the Personal Consuming Expenses Index in the United States. “The shares are still under pressure as the market is still taking up the recent customs duties, and market participants are awaiting the announcement of the advertising of mutual fees next week, and the data of the personal consumer index,” Kyle Roda, the main market analyst in “Capital.com”. He added: “The expected data is becoming more important as a result of the Trade Administration trading policy.” The escalation of the trade war promoted Trump to declare on April 2 on April 2 about customs duties as ‘Tahrir Day’, as it increased its commercial war this week by setting up customs by 25% on all unproductive cars in the United States. The president said the mutual fees that will be announced next week will be ‘very soft’. A few days before the end of a quarter of an hour is expected to be the worst for the S&B 500 index since 2023, investors will draw attention to the personal consumption costs in the United States on Friday. This indicator, which is elected by the Federal Reserve as a basic inflationary, will show signs of continuity of inflation, as prices remain at levels that officials have. “Investors will want to see an enlarged or better accessories, in addition to strong employment numbers to feel some reassurance,” said Brett Kinwell of eToro. The yield on US Treasury effects for 30 years has exceeded its 5 -year -old counterpart in the biggest difference since early 2022, as short -term effects were more affected by the possibility that the Federal Reserve is reducing interest rate than delaying US growth. The clear transactions in the bond market, resulting from this, were known as ‘more declining curve’. Hymolistic pressure whose long -term relationships reached their highest levels in the month of Thursday, when investors demanded a compensatory allowance for the risks due to the possibility that customs duties would lead to an increase in inflation in the United States. Susan Collins, head of the Federal Reserve in Boston, said customs duties are likely to lead to short inflationary pressure, but it is unclear for how long this pressure will continue. In Japan, the inflation rate in Tokyo has accelerated, which gradually raises the bank or Japan. After the report, the value of the yen rose temporarily against the dollar to reach the 150.77 level against the US currency. Elsewhere in Asia, a senior Chinese official called Thursday to increase global cooperation in a lined criticism aimed at the United States for the destabilization of trade and geopolitical relations. In the midst of external opposite winds, policymakers have made domestic demand as a top economic priority this year. “Regardless of how the external environment changes, China will continue to open the world wider,” said Deng Xiwichiang, the sixth official in the arrangement of the leadership of the ruling Communist Party. He withdrew in Australia and Australia, the shares reflected their early decline and made profits. The country holds its national election on May 3 in a campaign that is expected to be intense and focused on the pressure of the cost of living and the housing crisis in the light of a slow economy. In the commodity market, oil prices tend to achieve profits for the third week in a row, as the market is ready for more customs duties of the Trump administration. The price of gold rose 0.2% on Friday to a new record of more than $ 3.061 per ounce. Many large banks have raised their price goals for the precious metal, as the Goldman Sachs group increased their expectations for the price of gold to $ 3300 an ounce by the end of the year.