The S&P 500 joins Nasdaq in correction territory

After Thursday’s mass sale, the S&P 500 has joined the Nasdaq compound in correction territory, which is generally considered a decrease of 10% or more from a recent maximum.

Investors looking to be distracted by a drink could, in fact, feel even more pain. The president of the United States, Donald Trump, threatened to impose a 200% rate on the alcoholic products of the European Union, in response to the latter raising his previous suspension of the taxes in the American whiskey.

With Trump remaining firm in tariffs despite the defeat of the three -week market, that champagne cup of France could lose part of its effervescent quality and take bitter notes.

The highlight of CNBC Converge Live
CNBC housed Converge in vivo In Singapore on Wednesdays and Thursdays. The highlight of day 2 includes former United Kingdom Prime Minister David Cameron who says that Trump’s approach on peace in Ukraine is ‘Very worrying “for the residents of Russia; The veteran diplomatic of Singapore, Kishore Mahbubani, discussing the possibility of the United States doing “a big commercial problem” with China; and the CEO of Ferrari, Benedetto Vigna, saying that the company is monitoring Trump’s rates and “Planning scenarios. “Put the day 2 a day with the action of day 2 here.

Trump threatens retaliation tariffs
The president of the United States, Donald Trump, said Thursday that he plans to put a 200% of tariffs on France alcohol and other European nations. That is in response to the European Union restore an import tax In the American whiskey, which, together with the Almonds of California and Michigan’s rearview mirrors, will be among some of the The products most affected by EU rates. At an Oval office meeting on Thursday, Trump said he is “I’m not going to bend at all“On rates.

S&P 500 slide in correction
American markets ended Thursday at El Red. He S&P 500 It fell 1.39% and now has a 10.1% discount on its record closure, which puts it in correction territory. He Dow Jones industrial lost 1.3%, their fourth consecutive day and the Nasdaq compound 1.96%fell. Paneuropeo Stoxx 600 index retired 0.15%. Actions of Pernod Ricard, Rémy Cointreau and Davide Campari It fell into Trump’s threats to impose tariffs on alcoholic beverages in Europe.

Ppi flat, but not all good news
He The price index of the American producer was stable in FebruarySeasonally adjusted figures from the Office of Labor Statistics showed on Thursday, lower than the 0.3% expected increase in a Dow Jones survey. The central PPI decreased 0.1%, also against an estimate for an increase of 0.3% and the first negative reading since July. However, the consumer and silencer prices reports for February It might not necessarily be good news for the United States Federal Reserve.

Russia’s silent response to Alto El Fuego Agreement
Moscow agrees in principle with the High Fire Plan led by the United States backed by Ukraine earlier this week, “but there are issues that must be discussed,“Russian President Vladimir Putin said Thursday, according to a translation by NBC. An American delegation led by Trump’s special envoy, Steve Witkoff, arrived in Russia for the conversations of Alto El Fuego on Thursday. Previous indications of Russian officials suggested that the country was hesitant.

(Pro) recession fears not to blame: jpmorgan
Market observers have cited the fears of an economic recession in the United States as a catalyst for the horrible actions of actions this week. JPMorgan thinks Something else can be the culprit -And if the bank evaluation is correct, there may be a positive side for the sale of current sales.

Apple has great expansion plans in India, but Trump’s tariffs could change that

Last week, India’s Minister of Commerce, Piyush Goyal, went to Washington to present commercial concessions, including cutting rates on the key imports of the United States in the hope that India is granted an exemption from Washington’s reciprocal tariffs. However, Trump’s commercial team does not seem to be a move, according to sources close to New Delhi.

The technology industry will lose, particularly Apple, which manufactures approximately 15% of its iPhones in India, according to the estimates of Bank of America analysts. Venufopal Garre, Chief of Research of Bernstein of India, believes that the additional cost of tariffs will cause Indian electronics, including iPhones manufactured in the country, less competitive compared to devices manufactured in other countries.