S&P 500 joins Nasdaq in the correction area

After the sales on Thursday, the S&P 500 joined the NASDAQ compound in the correction area, which usually means a decrease of 10 % or more than the highest modern level.

In fact, investors looking to divert their attention from a drink may feel more pain. US President Donald Trump threatened to impose a 200 % tariff on alcoholic products from the European Union countries, in response to raising his previous comment on the fees on American whiskey.

With Trump remaining a customs tariff despite the market leakage for three weeks, the champagne cup of France may lose some of its decisive quality and have bitter notes.

The most prominent in CNBC’s Convert Live
CNBC hosting Converge directly In Singapore on Wednesday and Thursday. The most prominent second day includes former UK Prime Minister David Cameron, saying that Trump’s peace approach in Ukraine “Very disturbing” for Russia’s neighbors; Veteran Singapore diplomat Kishor Mahaboubani discusses the possibility of the United States Carrying out a “big business deal” with China; Ferrari Benedito Venia’s CEO said that the company is monitoring the Trump tariff and “”Carry out the scenario“Under the second day here.

Trump threatens introductory revenge
US President Donald Trump said on Thursday that he is planning to put a A 200 % tariff on alcohol from France And other European countries. This is a response to the European Union Import tax On the American whiskey – which, along with almonds in California and the rear vision mirrors of Michigan, will be among some The most hit products through the European Union tariff. At a meeting of an oval office on Thursday, Trump said it is.You will not bend at allOn customs duties.

S & P 500 slip into the correction
American markets ended on Thursday in red. the S & P 500 It decreased by 1.39 % and is now 10.1 % of its closure record, and put it in the correction area. the Dow Jon’s industrial average It was 1.3 %, its fourth consecutive day, and Nasdak 1.96 % decreased. General Europe Stoxx 600 index 0.15 % fell. shares Burnoud Ricardand Rémy Cointreau and David Campry Trump’s threats to impose a tariff on alcoholic beverages from Europe.

PPI Flat, but not all good news
the The US product price index was fixed in FebruaryThe modified numbers showed a seasonal statistics office on Thursday, less than the 0.3 % expected increase in Dow Jones Survey. Core PPI decreased by 0.1 %, and also against an estimate of 0.3 % and the first negative reading since July. However, consumer price reports and silent producer for February It may not necessarily be good news For the American Federal Reserve.

Russia’s silent response to the ceasefire
Moscow consensus in principle with The US -led ceasefire plan With the support of Ukraine earlier this week, “but there Issues that must be discussed,Russian President Vladimir Putin said on Thursday, according to the translation of NBC. An American delegation led by Trump’s Special Envoy, Steve Witkeov, arrived in Russia for a ceasefire on Thursday. Previous indicators of Russian officials indicate that the country was Hesitant.

(Pro) The recession is afraid not to blame: jpmorgan
Market observers have pointed out fears of the economic recession in the United States as an incentive to run over the terrible stocks this week. Jpmorgan thinks Another thing that might be the perpetrator -If the bank’s evaluation is correct, there may be a silver lining for the current sale.

Apple has major expansion plans in India – but Trump’s tariff can change this

Last week, Indian Minister of Trade Pion Joyal went to Washington to make commercial concessions, including cutting the customs tariff for the main American imports in the hope of granting India exempting from the mutual tariff in Washington. However, the Trump commercial team does not seem to budge, for all sources close to New Delhi.

The technology industry will lose – especially Apple, which makes approximately 15 % of iPhone devices in India, according to Analyst Bank of America. Venugupal Garre, President of Bernstein’s India Research, believes that the additional cost of definitions will make Indian electronics, including the country -made iPhone devices, which are less competitive compared to manufactured devices in other countries.