S&P 500 joins NASDAQ in the penal area

After the sale on Thursday, the S&P 500 entered the NASDAQ composition in the penal area, which usually means a decline in 10% and more from the recent maximum.

Investors who seek to distract themselves as a drink can actually feel even more pain. US President Donald Trump has threatened to impose 200% tariff for alcoholic beverages from the European Union, in response to the latter’s pre -suspension to collect US whiskey.

Because Trump remained unwavering on the tariffs, despite the three -week market section that a glass of champagne from France could lose part of its effervescent quality and accept bitter notes.

Highlights CNBC CONVERGE LIVE
CNBC is located Get off live In Singapore on Wednesday and Thursday. The highlights of the 2nd day include former UK Prime Minister David Cameron, who said Trump’s approach to peace in Ukraine is “I am very worried” for Russia’s neighbors; Veteran Singapore Diplomat Kishor Mahbuban Discusses US Possibilities do the “big trading deal” with China; And Ferrari CEO Benedet Vinya state that the firm monitors tariffs on Trump and “Conduct the script planning‘Catch up with the 2nd day there.

Trump threatens tariff revenge
US President Donald Trump said on Thursday what plans to put 200% tariff for alcohol from France And other European countries. This is in response to the European Union Tax recovery on imports on American whiskey – which, together with California almonds and mirrors from Michigan, will be among some of some of the Products most severely affected by tariffs on the EU. At an Oval Office meeting on Thursday, Trump said he “I’m not going to bend at all“On tariffs.

S&P 500 slides into the fix
US markets ended on Thursday red. A S&P 500 It has decreased by 1.39% and is now declining by 10.1%, including it in the regional territory. A Dow Jones Industrial Medium lost 1.3%, fourth consecutive day and Nasdaq Composite fell by 1.96%. Pan -European Stoxx 600 index retreated 0.15%. Shares Penod Ricard. Remim of countere and Davide Campari Trump’s threats to impose tariffs for alcoholic beverages from Europe.

Flat IPP but not all good news
A The price index in the US was equal in FebruarySeasonally adjusted figures from the Bureau of Labor Statistics showed on Thursday, lower than the increase of 0.3%, which is expected in the Dow Jones survey. The main IPP decreased by 0.1%, also compared to 0.3% and the first negative reading since July. However muted consumers and producer of prices by February Perhaps not necessarily be good news For the US Federal Reserve.

The muted reaction of Russia to the ceasefire
Moscow in principle agrees with Plan to cease fire under the guidance of the United States backed by Ukraine earlier this week, “but there is questions that need to be discussed“Russian President Vladimir Putin said on Thursday, according to NBC translation. The US delegation, led by a special messenger Trump Steve Vitco, arrived in Russia to negotiate on Thursday. Earlier signs of Russian officials suggested that the country was hesitantly in the contract.

(Pro) Recession is afraid not blaming: JPMorgan
This week, market observers referred to the fear of economic recession in the US as a scary running catalyst. Jpmorgan thinks something else may be guilty -And if the bank’s assessment is correct, there may be a silver lining before the current sale.

Apple has great extensions plans in India – but tariffs on Trump can change this

Last week, Indian Trade Minister Piyush Goyal went to Washington to submit trade concessions, including reduce the US key import tariffs in the hope that India would receive exemption from mutual tariffs in Washington. However, Trump’s trade team does not seem to move from sources close to New Delhi.

According to Bank’s Bank’s analysts, the technology industry will lose – in particular Apple, which produces approximately 15% of its iPhones in India. Venugopal Garre, head of Bernstein India, believes that additional tariff costs will make Indian electronics, including iPhones made in the country less competitive compared to devices made in other countries.