{"id":235462,"date":"2025-04-03T21:06:09","date_gmt":"2025-04-03T21:06:09","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=235462"},"modified":"2025-04-03T21:06:09","modified_gmt":"2025-04-03T21:06:09","slug":"scaderi-puternice-pe-burse-volatilitatea-acapareaza-pietele-din-intreaga-lume-dupa-anunturile-casei-albe-bet-coboara-cu-13-euro-stoxx-600-cu-25-si-wall-street-ul-cu-3-5-daca-taxele-rama","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=235462","title":{"rendered":"Sc\u0103deri puternice pe burse: Volatilitatea acapareaz\u0103 pie\u0163ele din \u00eentreaga lume dup\u0103 anun\u0163urile Casei Albe. BET coboar\u0103 cu 1,3%, Euro Stoxx 600 cu 2,5% \u015fi Wall Street-ul cu 3-5%. \u201eDac\u0103 taxele r\u0103m\u00e2n nemodificate, impactul pe termen mediu nu va fi deloc pl\u0103cut\u201d"},"content":{"rendered":"<p>\nCu 1,32% a sc\u0103zut indicele de referin\u0163\u0103 BET la finele \u015fedin\u0163ei de tranzac\u0163ionare de joi de la Bursa de Valori Bucure\u015fti, \u00een condi\u0163iile \u00een care taxele vamale anun\u0163ate de administra\u0163ia de la Casa Alb\u0103 au declan\u015fat o serie agresiv\u0103 de v\u00e2nz\u0103ri pe pie\u0163ele interna\u0163ionale de capital. Dinamica de la \u00eenceputul \u015fedin\u0163ei a fost de minus 0,6%-0,7%.<\/p>\n<p>\nPrin contrast, indicele paneuropean Stoxx Europe 600 a pierdut 2,3%, CAC 40 a sc\u0103zut cu 3% la Paris, \u00een timp ce indicele german DAX s-a depreciat cu 2,3%, iar FTSE-MIB a cobor\u00e2t cu 2,8% la Milano. Cum se explic\u0103 dinamica BET prin compara\u0163ie cu bursele din vest?<\/p>\n<p>\n\u201eSunt dou\u0103 motive principale: Indicele BET a subperformat fa\u0163\u0103 de pie\u0163ele vestice \u00een T1\/2025, cu o cre\u015ftere de 4,7% vs. 11,3% pentru DAX, de exemplu. Apoi, exporturile Rom\u00e2niei \u00een Statele Unite reprezint\u0103 doar c\u00e2teva procente din totalul exporturilor rom\u00e2ne\u015fti\u201d, spune R\u0103zvan Pa\u015fol, CEO al administratorului de investi\u0163ii Patria Asset Management, pentru ZF.<\/p>\n<p>\nLichiditatea \u015fedin\u0163ei de joi de la BVB a ajuns la 65 de milioane de lei, cele mai lichide companii fiind Banca Transilvania, OMV Petrom \u015fi Romgaz, care au \u00eensemnat \u00eempreun\u0103 aproape jum\u0103tate din total. Ac\u0163iunile au cobor\u00e2t cu 1,6%, 2,4%, respectiv 0,2%. Alte dinamici notabile includ Electrica (-2,8%), One United Properties (-2,1%), Transgaz (-1,9%), Sphera Franchise Group (-1,4%), Antibiotice Ia\u015fi (-1,4%) \u015fi MedLife (-1,4%).<\/p>\n<p>\n\u201eDonald Trump a anun\u0163at tarife vamale de cel pu\u0163in 10% pentru toate exporturile c\u0103tre SUA \u015fi tarife mult mai mari pentru 60 de \u0163\u0103ri cu dezechilibre comerciale mari (&#8230;) Aceste tarife sunt peste nivelurile preconizate de pia\u0163\u0103, ceea ce ar putea duce la o volatilitate mai ridicat\u0103 \u00een perioada urm\u0103toare \u015fi la o cre\u015ftere a nivelului infla\u0163iei\u201d, spun reprezentan\u0163ii BRK Financial Group, singurul broker de ac\u0163iuni listat la BVB.<\/p>\n<p>\nAnali\u015ftii Bloomberg consider\u0103 c\u0103 majorarea tarifelor cu 20,5 puncte procentuale introduse p\u00e2n\u0103 \u00een prezent de noua administra\u0163ie american\u0103 indic\u0103 o sc\u0103dere de 3% a PIB-ului \u015fi o cre\u015ftere de 1,7% a pre\u0163urilor, care se va produce probabil \u00een urm\u0103torii doi-trei ani, scrie XTB Rom\u00e2nia.<\/p>\n<p>\n\u201eTotu\u015fi, acestea sunt estim\u0103ri ceteris paribus deoarece dac\u0103 partenerii comerciali impun tarife de retaliere \u015fi mai severe asupra SUA iar americanii r\u0103spund cu tarife severe asupra semiconductorilor\/ farmaceuticelor, amploarea sc\u0103derii PIB ar putea fi de p\u00e2n\u0103 la 4,1%\u201d, spun anali\u015ftii casei de brokeraj.<\/p>\n<p>\n<a href=\"https:\/\/www.zf.ro\/burse-fonduri-mutuale\/bursele-americane-deschid-rosu-aprins-dupa-tarifele-trump-indicele-s-22762795\">Indicii americani <\/a>Dow Jones Industrial Average, S&#038;P 500 \u015fi Nasdaq Composite sc\u0103deau la debutul \u015fedin\u0163ei de ieri cu 3,5%, 3,9%, respectiv 4,8%. Asia Dow a pierdut ieri 0,6%, iar Nikkei 225 a sc\u0103zut cu 2,8% la Tokyo. VIX, o m\u0103sur\u0103 cheie a volatilit\u0103\u0163ii a\u015fteptate pe pia\u0163a bursier\u0103, a crescut cu 25%, duc\u00e2nd avansul de la \u00eenceput de an la 58%.<\/p>\n<p>\nIndicele este calculat pe baza pre\u0163urilor de pia\u0163\u0103 pentru op\u0163iunile pe S&#038;P 500. Acesta este conceput pentru a fi o m\u0103sur\u0103 a volatilit\u0103\u0163ii a\u015fteptate \u00een urm\u0103toarele 30 de zile \u015fi este adesea denumit \u201eindicatorul fricii&#8221; de pe Wall Street. VIX are o rela\u0163ie invers\u0103 cu pia\u0163a de ac\u0163iuni. Astfel, c\u00e2nd pia\u0163a american\u0103 cre\u015fte, indicele VIX tinde, de obicei, s\u0103 scad\u0103, fenomenul av\u00e2nd loc \u015fi \u00een sens invers.<\/p>\n<p>\n\u201eSc\u0103derea BET (de joi \u2013 n.r.) este doar impactul direct pe termen scurt al noilor tarife anun\u0163ate de Trump. R\u0103m\u00e2ne de v\u0103zut impactul lor pe termen mediu \u00een economiile globale \u015fi apoi efectul pe burse. Dac\u0103 taxele r\u0103m\u00e2n nemodificate, impactul pe termen mediu nu va&nbsp;fi&nbsp;deloc&nbsp;pl\u0103cut\u201d, adaug\u0103 R\u0103zvan Pa\u015fol.<\/p>\n<p>\n\u00cen 2025, principalii indici bursieri din SUA \u00eenregistreaz\u0103 sc\u0103deri cuprinse \u00eentre 4% pentru Dow Jones \u015fi 11% \u00een cazul Nasdaq 100, fa\u0163\u0103 de un plus de 2,6% pe Stoxx Europe 600.<\/p>\n<p>\n&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cu 1,32% a sc\u0103zut indicele de referin\u0163\u0103 BET la finele \u015fedin\u0163ei de tranzac\u0163ionare de joi de la Bursa de Valori Bucure\u015fti, \u00een condi\u0163iile \u00een care taxele vamale anun\u0163ate de administra\u0163ia de la Casa Alb\u0103 au declan\u015fat o serie agresiv\u0103 de v\u00e2nz\u0103ri pe pie\u0163ele interna\u0163ionale de capital. Dinamica de la \u00eenceputul \u015fedin\u0163ei a fost de minus [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[427,368,148,5453,13892,8907,7724,12985,10287,60,80,8327,9506,7262,13253,10839],"class_list":["post-235462","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-bet","tag-burse","tag-bvb","tag-casa","tag-casa-alba","tag-impact","tag-indici","tag-lichiditate","tag-mediu","tag-piata","tag-refuz","tag-scadere","tag-scaderi","tag-taxe","tag-termen","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/235462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=235462"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/235462\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=235462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=235462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=235462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}