American assets and Asian stocks rise after the ruling of Trump’s fees

American assets obtained a batch today, Thursday, after the American Trade Court considered that the mutual fees imposed by President Donald Trump illegal, and were suspended. The results of the positive profits of “Invidia” also contributed to raising the morale of investors.

The future contracts for the S&P 500 and NASDAC 100 director increased by 1.7% and 2.1% after the judicial ruling, which the Trump administration said it would appeal it.

Asian stocks increased by 0.2%, led by a jump by 1.2% in Japanese stocks. The dollar index also rose to its highest level in more than a week, while the US Treasury’s bonds rose for 10 years by two basis points, and the yen fell by 0.8% against the dollar.

The shares of “Invidia” jumped by approximately 5% in the extended transactions after the market was closed in New York, after the chips company provided strong revenues.

A temporary break from fees

The judicial ruling gives investors a temporary break, after financial markets have witnessed heavy sales since Trump’s announcement on April 2 of customs duties at record levels aimed at reformulating the global trade system.

This move, as well as Trump’s plans to reduce taxes, has sparked the concerns of investors who have rushed to sell American assets, fearing that the trade war will harm global growth.

The largest investment strategy in the “Global XATF” Billy Leong said, “The ruling is seen on the fees as a more moral support factor than it is a structural shift,” adding that “the decision removes one of the tactical risks before the decisive date in July, but positioning flows and spirits indicate that investors are still trading cautiously.”

The eyes are heading to the Supreme Court

3 judges in the American International Trade Court in Manhattan issued a ruling on Wednesday in favor of the states led by Democrats, and a group of small companies, which argued that Trump used the emergency law wrongly, to justify some of his fees.

The US Supreme Court may have the final word in this case, which will have a wide follow -up, which may affect the trillions of dollars from world trade.

The vast majority of Trump’s customs duties, including unified mutual fees, the high fees imposed on China, and the fees related to Fintanel on China, Canada and Mexico, are suspended, while the fees imposed under other powers, such as “Section 232” and “Section 301”, are not affected, and include steel, aluminum and cars.

Senior analyst at KCM Trayd Tim Water said, “Any obstacle to Trump’s customs agenda, the markets generally interpret it as positive news,” adding “dangerous assets like stocks is likely to respond to this news.”

The dollar regains its momentum

The dollar rose by 0.4% in early Asian trading on Thursday. The dollar has declined by more than 7% since its peak in February, as the trade war affected the confidence of investors towards American assets, and prompted the world to reconsider its dependence on the ordinary currency.

Stone X Financial Corporation Mingzi Wu said, “The dollar has been extensively sold due to customs duties, so it makes sense to see the opposite now with commercial expectations improved marginally.”

In a separate context, the CEO of “Invteena”, Jensen Huang, reassured investors on the slowdown in China, by providing strong sales expectations, stressing that the computing market related to artificial intelligence is still prepared for “tremendous growth”.

On the other hand, the shares of “HP” fell 8% in the post -closing trading, after its expectations for profits came without estimates, and their annual expectations were reduced, noting a weaker economy and continuous costs caused by American fees on Chinese goods.

“Tesla” launches “robotics” service

Media reports about the Trump administration’s move to restrict the sale of chips design software for China has led to a sharp decrease in the shares of the “Cadenus Design Systems” and “Cinopses”, while reports that Tesla intends to launch the self -driving taxi service “Robotxi” in Austin on June 12.

Trump angrily responded to allegations that Wall Street believes that he was not actually ready to implement his threats on customs duties, stressing that his repeated retreats are only part of a strategy to extract commercial concessions, and he said yesterday, Wednesday: “This is called negotiation,” adding, “I start with a sarcastic high number, then I landed a little within the framework of the talks.”