Markets fall
Wall Street’s market fall yesterday was closely followed down by Asian stocks on Friday. A number of collective incidents have led to this current market fall.
Markets were already under pressure on Thursday as news of Donald Trump’s handling of the unrest in Charlottesville became clear. Reactions to his ‘views’ eventually led to many business leaders resigning their advisory positions and to the subsequent disbanding of the councils.
The Federal Reserve’s recent comments on inflation has given concern to investors too. Rumours of the possible resignation of Donald Trump’s chief economic advisor has also unbalanced the scales.
US Tax reform likely?
Mr Trump’s ability to get tax reform and infrastructure policy pledges into law are now shrouded in a dark cloud of doubt. His election promises are not coming to fruition and the markets made gains on these promises.
US companies have reported strong results recently, especially for tech’ companies. Big corporations have produced big earnings , but I do wonder just how much of this was achieved on the back of future promises made by Donald Trump?
None of these important election policy pledges have become law the last time I looked!
It was only a week ago that we were concerned about the escalating rhetoric between the US and North Korea.
China’s high debt levels are also of concern.
Worryingly terrorist attacks are forever in world news and never far away from our lives.
The markets are influenced by many different things not just company and economic news.
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