Connect with us

Popular World News

Trump Tweets Trigger Market Volatility Amid Panic and Confusion By Investing.com

Trump Tweets Trigger Market Volatility Amid Panic and Confusion By Investing.com

ECONOMIC NEWS

Trump Tweets Trigger Market Volatility Amid Panic and Confusion By Investing.com

[ad_1]


Investing.com – Markets continued to monitor Donald Trump’s Twitter account, as tweets from the U.S. president this week regarding the U.S.-China trade war and the Federal Reserve triggered extreme volatility.

Trump sent markets on a wild rollercoaster rise this week, all with less than 280 characters on Twitter.

Wall Street stocks took a beating on Monday, with the S&P 500 losing 1.2%, amid concern over the lack of progress in U.S.-China trade talks.

Equity markets rebounded on Tuesday, with the S&P bouncing back nearly 1.5% after Trump announced that he would delay fresh tariffs on Chinese imports, which were due to go into effect on Sept. 1.

Kenta Inoue, senior market economist at Mitsubishi UFJ Morgan Stanley (NYSE:) Securities, pointed out that Trump’s tariff delay came just as U.S. stocks were stalling.

“This appears to be a routine ploy by the U.S. president, who applies trade pressure on China when stocks are doing well and opts for compromise when they are not,” Inoue said.

Wednesday saw markets suffer their worst day of the year, with all three of the major U.S. stock indexes tumbling about 3%, amid recession signals from the bond market.

Markets looked set to bounce back again on Thursday as China reiterated that it hopes the U.S. can meet it halfway on trade.

The S&P 500 advanced to a record high at the end of July, but it has lost momentum this month, with the S&P down more than 4% so far in August.

To see more of Investing.com’s weekly comics, visit: http://www.investing.com/analysis/comics

Reuters contributed to this report

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



[ad_2]

Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in ECONOMIC NEWS

To Top
error: Content is protected !!
Top