Barclays criticizes Trump's tariff plan: will damage the profits of European and American companies, and impact the real economy of the usa.

Barclays strategists warn that Trump's proposal to significantly increase tariffs will have a detrimental impact on the profits of transatlantic European and American companies. They point out that the US real economy may be hit by as much as 1.4 percentage points.

cls.cn20:45 ET

Technology stocks led the S&P to four consecutive gains, Oracle reached a new high after hours, the US dollar and US bonds fell, gold hit a new high, and commodities rose.

In August, the PPI in the United States showed a cooling down of inflation, and the market slightly raised its bets on the Fed's aggressive interest rate cuts. US stocks rose together, with Nvidia up nearly 2%, while NIO Inc and XPeng fell more than 5%. The European Central Bank cut interest rates for the second time this year, but maintained a restrictive policy. European bonds fell, and the euro rebounded from its four-week low. Commodities rose across the board, with US oil briefly rising by 3.7%, gold reaching a new high with a nearly 2% increase, palladium rising by over 4%, and copper experiencing its largest two-month increase.

wallstreetcn19:04 ET

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