The European Stock Exchange throws the brake to the weekly closing in the absence of support of Wall Street

The futures market anticipates An opening with fallsagainst this Thursday’s session. The new battery of tariffs proposed by the president of the United States is opposed to continue with the rhythm of climbs between the main European square in the previous session and that led to the Eurostoxx 50 at 5,500 points. That is, the European stock exchange index notes new historical maximums when overcoming the levels seen in 2000before bubble.com.

The new taxes to Imports that Donald Trump poses Country by country will be focused, with the aim of compensating any American tax. Likewise, Barriers mentioned for the European Union, Japan and South Korea who, according to the president of the United States, take advantage of US trade. However, these are not expected tariffs are applied immediately.

North American indices have been in which They fail to follow the pace of the European Stock Exchange. The S&P 500 and the Nasdaq 100 are listed between the level they were quoted with the elections that gave the victory to Donald Trump and the roof seen with the appearance of the company of the China Depseek. From there a hole opened, from the point of view of the technical analysis, downward that the Ecotrader advisor, Joan Cabrero, baptized as ‘The Deepseek hole’.

“In the case of Nasdaq 100, the support and a priori zone Optimal to buy is in the 20,000/20,220 points (Trump hole) and the resistance and area that is rejecting the climbs is located in the 21,800/22,150 points (Deepseek hollow). To talk about strength, the North American market should generally sweep that hole, “says Cabrero.

Operatively, it would not be time to close positions in the US Stock Exchange. To talk about weakness within Nasdaq 100, the 20,000 points should be lost, according to the Ecotrader advisor. If these levels were lost, the Wall Street technological index should see a decrease to 18,600 points, which would be a New opportunity to raise positions Within American technology.

Without being completely clear that Donald Trump’s new tariff pressures will be applied immediately, the US dollar accuses a certain wear in front of the main currencies of the market. The Bloomberg index that crosses the dollar with the rest of the G10 currencies (such as the euro or the sterling pound) is at least in the late January. Tariff fatigue reduces the expectation of upward inflation in the United States, while Do not enter into force these levies. And that cuts the upward route of the dollar. This Friday a Euro changes for $ 1,045.

“This It is just the beginning of the drop in the dollar. It is now clear that tariffs will be specific and with commercial equity reasons, “says Saxo Markets expert, Charu Chanana. Throughout the week operations have been closed that bet on a dollar’s increase, according to the risk asset monitor Bloomberg. dollar at higher levels to current In the currency market.

After several sessions with selling pressure, investors again go to European sovereign bonds and particularly the Germans. The German debt to ten years offers a 2.43% profitability in a context of tariff war and with the expectation of the market of 80 basic point of interest cuts in the eurozone from here to end the year. On the other hand, they are The German elections that will take place at the close of next week.

One of the effects resulting from this vote will be to see if a reform to the debt roof is applied and in what terms. According to a study by Morgan Stanley, 45% of respondents believe that the reform would give a moderate impulse to the growth of the German economy. Meanwhile, the rest of the European Debt Market It is dragged by the German reference. He SPANISH TEN YEAR BONO offers a 3% yield while the Frenchman stands at 3.15%.