“Corona Trump” plunges into the global – economic – domestic market

“Corona Trump” plunges into the global – economic – domestic market
“Corona Trump” plunges into the global – economic – domestic market

Global stock and oil markets plunged, yesterday, to their lowest levels, after the announcement that US President Donald had been infected with the Corona virus, and Trump said that tests had proven that he and First Lady Melania Trump had the new Corona virus, and that they would be quarantined, weeks before the presidential elections scheduled for the third of Next November.

Risky assets and oil posted heavy losses, while the dollar and gold benefited as safe havens. Wall Street fell at a strong pace, losing “Dow Jones” 400 points, or the equivalent of 1.4%, to record 27,290 points, as well as “Standard & Poor’s” 1.5%, recording 3317 points, and “Nasdaq” declining 2% to be the biggest loser, recording 11,327 points. The yield on the US 10-year bond fell to 0.66%.

Oil prices fell 4%, Brent crude fell 1.67 cents, or 4.1%, to $ 39.26 a barrel, and US crude fell $ 1.62, or 4.2%, to $ 37.10.

European stocks fell, the European STOXX 600 index fell 1%, the German DAX index and the French CAC 40 index fell 1.3%, while the British FTSE 100 index fell 1%.

The Nikkei index tumbled in the Tokyo Stock Exchange to its lowest level in 5 weeks, and the Nikkei lost 0.67% to 23029.90 points, and the Topix index fell 1% to 1609.22 points.

In contrast, the dollar jumped and the yen reached its highest levels in the week, and the US currency rose about 0.5% against the risk-sensitive Australian and New Zealand dollars, while the yen rose by 0.3% to 105.27 per dollar.

Gold continued its gains, and rose in spot transactions 0.5% to 1915.34 dollars an ounce, and US gold futures rose 0.3% to 1922.20 dollars.

To follow the details read:

Global markets are falling after Trump was infected with “Corona”


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