Limited gains

Asian stocks recorded slight gains with investors awaiting a series of companies and economic data this week, which will provide early indications of the repercussions of the customs war war launched by President Donald Trump.

The regional stock index rose 0.2%, supported by the gains of Hong Kong and Australia markets, while the futures of the S&P 500 index fluctuated between limited gains and losses, and the dollar settled while gold fell 0.6%, and trading on Asian Treasury bonds was recorded due to a public holiday in Tokyo, with trading resumed with the start of the European session.

This performance comes with the face of the American ascension wave, which spanned 5 days, recording the longest series of gains since November, a decisive test this week with the release of employment, inflation and economic growth data, as well as the results of the profits of major technology companies.

Despite the decline in fluctuations in the markets last week after turmoil caused by Trump’s commercial policies, the anticipation state remains in control with the continued fears of the global economy.

Tensions are ongoing

Fouad Rizk Zadeh from “City Endex” and “Forex.com” said: “Despite calm, commercial tensions, recession fears, and uncertainty about monetary policy remain.”

For his part, Chris Larakin from the “Morgan Stanley” affiliated to the “Morgan Stanley” explained that the continued rise in shares requires a clear shift from the White House towards a more flexible policy with China, which appears to be excluded in the current situation.

Treasury Secretary Scott Besent assured the CNBC that the China file is not currently among Washington’s priorities, in light of the American administration’s focus on concluding trade agreements with 17 other countries, considering that Beijing is responsible for reducing escalation.

A strict Chinese position

On the other hand, China stressed its position through an editorial published by the newspaper “Al -Shaab” in which America called for the retreat from the imposition of fees, and Chinese Foreign Minister Wang Yi warned that silence and concession before the pressures “bullies” will be achieved to achieve additional gains.

The Chinese Foreign Ministry renewed its denial of talks with Washington to reduce customs duties, in the meantime, President Trump moved to alleviate some of the repercussions of the customs war warfare on the American auto sector through new procedures related to cars abroad.

The data of the Federal Bank in Dallas showed a sharp decline in the manufacturing activity index in Texas, with corporate managers describing the conditions caused by fees in words such as “chaos” and “madness”.

Stay tuned for the profit season

This week’s attention is directed to advertisements of the results of giant technology companies, including “Microsoft”, “Apple”, “Meta Platforms” and “Amazon”, and Anthony Sajimbini of “Amerebraiz” said: “The seven -great profit season, commercial news addresses, and crowded economic data schedule are all factors that keep investors in a state of severe tension.”