Market: protectionism still there


© Reuters. Market: protectionism still there

The Paris Bourse is expected to open slightly lower Wednesday morning after the decision of Donald Trump to withdraw the United States from the agreement on the iranian nuclear program.

To 8: 15, the future contract on the CAC 40 index – delivery end of may – down to just 2.5 points to 5496,5 points, announcing a small note of weakness at the opening.

The us president has announced last night that Washington would withdraw from the agreement concluded in Vienna in 2015 on the iranian nuclear program and that new sanctions would be reinstated against Tehran.

The announcement – which was widely anticipated by the financial markets, has triggered many reactions from economists and analysts.

‘How this decision will affect iranian exports, and therefore the oil market is not yet completely clear, in the measure where the United States does not import iranian oil’, temper this morning the teams of Danske Bank.

In the meantime, the barrel of crude texan is quickly returned in the direction of its highest levels since 2014, jumping by 2.2% to 70.6 dollars following statements from Donald Trump.

The Tokyo stock Exchange, it managed to limit its losses, the Nikkei 225 index leaving only 0.4% on Wednesday in the end of the session.

‘The reaction of the markets has remained contained, and that at this stage the us decision does not affect our economic and financial outlook’, highlights the teams in Danske Bank.

Remains that the speech of Donald Trump has revived fears of a marked impact of protectionism on world trade.

‘All in all, it is still a new step in the direction of isolationism, which undermines economic growth and wealth at the global level’, is concerned, and the british broker IG.

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