Thursday , October 28 2021

Trump's Tweets Reveal High Market Instability By Investing.com



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Trump's tweets are unleashing market volatility

Investing.com – Markets continue to follow Donald Trump's Twitter account as his messages on this social network related to the US-China trade war and the Federal Reserve have caused tremendous volatility.

This week, Trump plunged the markets into a wild train, he did everything using less than 280 characters on Twitter.

Shares of Wall Street suffered a major setback on Monday, losing 1.2% amid concerns over lack of progress in US-China trade talks.

Market shares rebounded on Tuesday, and the same thing happened with a 1.5% increase after Trump announced he would delay new tariffs on Chinese imports, which will go into effect initially on September 1st.

Kent Inoue, Senior Market Economist at Mitsubishi UFJ (T 🙂 Morgan Stanley (NYSE 🙂 Securities noted that Trump's tariff delays happened just as US stocks stagnated.

"This seems to be a routine move by the President of the United States, who puts trade pressure on China when actions are going well and chooses to execute when they are not," Inue said.

On Wednesday, markets suffered their worst day of the year with three major US stock indices. they fell about 3% amid signs of a recession in the bond market.

Markets appeared to recover on Thursday when China reiterated its hope that the United States would halfway through trade.

It advanced to its highest level at the end of July, but lost momentum this month, with S&P falling more than 4% so far this August.

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–Reuters contributed to this article

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