Trump’s scandalous statement stopped the fall of US stock markets

Trump's scandalous statement stopped the fall of US stock markets
Trump’s scandalous statement stopped the fall of US stock markets

European and Asian stock markets fell sharply on Thursday, while markets in the United States were able to stop the slump that occurred last week, immediately after US President Donald Trump criticized the rate hike by the Federal Reserve.

Major stock markets in Asia and Europe have fallen sharply — by 4-6%. So, the Chinese stock markets on Thursday fell to their lowest levels in four years. However, on the Wall Street Dow index showed a positive trend, as did the S & P 500 and Nasdaq.

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On the eve of the US stock markets showed a record fall since February of this year, but analysts say that concerns about high interest rates and trade wars reached a boiling point, causing a global reversal in world markets.

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Earlier, the head of the White House, Donald Trump, commenting on the Fed’s decision to raise the discount rate amid falling stock exchanges, said the Federal Reserve was «crazy». He explained this by saying that the largest indices of stock exchanges in the USA had lost an unusually many positions since the Fed’s rate hike at the end of September.







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