A bad morning for global financial markets after Trump's tweet. Investors took everything seriously. The Chinese market falls by 5%, and futures for US stock indexes by 2%. Copper (-1.3%) and oil (-2.4%) are also fall in price( main primary assets). Japanese yen and US government bonds increase in price - an indicator of flight from risk. Trump's tweet was for markets like a cold shower. Insurance against correction, which we have bought earlier, will help our investors. Why did we buy it? - everything good was already at market prices and one disappointing news, like Trump's tweet, was enough to provoke an avalanche of sales. Asian players are in the lead now. We are waiting for whether European players will pour oil on the fire, and then American ones, or, on the contrary, they will cool Asian passion.
06 May 2019
A bad morning for global financial markets after Trump's tweet
Go to news