Tajuk : Global markets are fighting back in the face of Trump uncertainty
link : Global markets are fighting back in the face of Trump uncertainty
Global markets are fighting back in the face of Trump uncertainty
AP/Gerald Herbert
Republican presidential candidate Donald Trump makes a boxing gesture while greeting the crowd after speaking at a campaign rally in New Orleans.
After a brutal beatdown on Wednesday, investors are wasting no time picking themselves up off the mat.
During pre-market trading, the S&P 500 looked to be headed for a second straight drop following former FBI director Robert Mueller’s appointment as special counsel to investigate Russian efforts to influence the November election. But the index recovered in early trading on Thursday, gaining 0.4%.
The relief rally can also be seen elsewhere in global markets. Safe haven assets gave back some earlier gains as gold decreased 0.2% and the yen slid 0.6% versus the US dollar.
However, the relief did not translate overseas, as the Stoxx Europe 600 dropped 0.7% during regular trading hours, while the MSCI All-World Index lost 1.2%.
The relatively muted reaction is a far cry from what was seen on Wednesday, when the S&P 500 dropped 1.7%, its biggest decline since September 9, and a stock market fear gauge spiked almost 50%.
The snappy recovery in stocks should be of little surprise, considering US equity investors have made a habit of buying on weakness throughout the eight-year bull market. Following the United Kingdom’s vote to leave the European Union last June, the S&P 500 fell 5.3% over two trading sessions, only to make up those losses in about a week.
The same dynamic was in play when China unexpectedly devalued its currency in August 2015. After the S&P 500 underwent an 11% correction, traders bought the dip and restored the benchmark to its pre-sell-off levels within about two months.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2qW6tSE
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
AP/Gerald Herbert
Republican presidential candidate Donald Trump makes a boxing gesture while greeting the crowd after speaking at a campaign rally in New Orleans.
After a brutal beatdown on Wednesday, investors are wasting no time picking themselves up off the mat.
During pre-market trading, the S&P 500 looked to be headed for a second straight drop following former FBI director Robert Mueller’s appointment as special counsel to investigate Russian efforts to influence the November election. But the index recovered in early trading on Thursday, gaining 0.4%.
The relief rally can also be seen elsewhere in global markets. Safe haven assets gave back some earlier gains as gold decreased 0.2% and the yen slid 0.6% versus the US dollar.
However, the relief did not translate overseas, as the Stoxx Europe 600 dropped 0.7% during regular trading hours, while the MSCI All-World Index lost 1.2%.
The relatively muted reaction is a far cry from what was seen on Wednesday, when the S&P 500 dropped 1.7%, its biggest decline since September 9, and a stock market fear gauge spiked almost 50%.
The snappy recovery in stocks should be of little surprise, considering US equity investors have made a habit of buying on weakness throughout the eight-year bull market. Following the United Kingdom’s vote to leave the European Union last June, the S&P 500 fell 5.3% over two trading sessions, only to make up those losses in about a week.
The same dynamic was in play when China unexpectedly devalued its currency in August
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2qW6tSE
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
dengan itu Perkara Global markets are fighting back in the face of Trump uncertainty
Kini anda membaca artikel Global markets are fighting back in the face of Trump uncertainty dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/global-markets-are-fighting-back-in.html
0 Response to "Global markets are fighting back in the face of Trump uncertainty"
Catat Ulasan