Anax Metals

0.024

+0.000

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Market Cap:6.85M

PE:2.60

High:0.024

Open:0.024

Low:0.024

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The BetaShares Global Defence ETF (ARMR) is up 19% this year. Are defence stocks the new safe haven?

MotleyFool

·

10 Apr

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Microsoft shares fell 4%.Computer chip shares fell after Nvidia  warned about charges of up to $5.5 billion due to new export restrictions to China, and Advanced Micro Devices  cited costs of up to $800 million. Nvidia shares slumped 7.6%, and AMD dropped 7.7%. 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The monthly survey reveals an index based on CEOs' rating of current business conditions and future outlook. According to the Chief Executive, it is now at its lowest level since November 2012. Tariff turmoil According to the survey, President Donald Trump's global tariff regime was a major factor in their negative outlook. Of the respondents, 67% said they do not approve of the tariffs, and 76% said they would negatively or very negatively impact their businesses this year. Mitchell Metal Products President and CEO Tim Zimmerman said :  Tariffs and the uncertainty of next steps that will be taken by President Trump will lead to very difficult economic times over the next year or two.  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