Entertainment Trump's statements are frightening US investors

Trump's statements are frightening US investors

-

Wall Street

A trader on the trading floor.

(Photo: AFP)

new York The dwindling prospect of a swift trade agreement with China scares US investors. The leading indices Dow Jones, Nasdaq and S & P 500 both lost a good one percent at the opening, having also lost around one percent on Monday for announcing punitive tariffs on aluminum and steel from Argentina and Brazil.

Triggers of the current sales was the statement by US President Donald Trump that he could imagine a trade agreement with China until after the US presidential election in November 2020.

Investors wondered if it would even come to an agreement, said Randy Frederick broker Charles Schwab. In addition, a tightening of US punitive tariffs on Chinese goods is planned for 15 December. "These are on consumer goods that have not been affected so far."

Single values ​​in focus

Against this backdrop, shares of the iPhone provider Apple lost 2.8 percent. Chip companies like AMD or Nvidia, whose business depends heavily on trade with China, lost up to four percent. The papers of the construction machinery manufacturer Caterpillar reduced by 2.4 percent.

The hope that both sides will develop a so-called "phase one" trade agreement had led the US markets to peak levels last month.

Most Recommended Web hosting

World News : archywordys.com

Recent news dampened expectations, fueling renewed concerns about a global slowdown and a decline in corporate earnings.

Audentes Therapeutics' shares doubled after Japanese company Astellas Pharma said it would buy the US pharmaceutical company for about $ 3 billion in cash.

The papers of AK Steel Holding rose 3.5 percent after the mining company Cleveland Cliffs to buy the steel maker for about $ 1.1 billion with a share deal. The shares of Cleveland Cliffs, however, fell by 14.6 percent.

More: Be it gold, bitcoins or sophisticated legal constructions: those looking for alternatives to the major capital markets face their own risks.

The Handelsblatt expert call

(t) Wall Street (t) Stock Exchange (t) Trading Dispute (t) China (t) Stock Market (t) Investment (t) Stock (t) Stock Analysis (t) Investment Tip Stock (t) Standard & Poor &. (tagsToTranslate) Charles Schwab (t) Nvidia (t) Astellas Pharma (t) AK Steel (t) Caterpillar (t) Apple (t) Advanced Micro Devices Inc (t) Donald Trump

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Complainer claims $ 190 million for Elon Musk tweet

The British spelunker who is suing Los Angeles court Elon Musk for defamation claimed Friday $ 190 million in...

Boeing is to pay a fine of $ 3.9 million: Defective parts in 737 jets

New horror news from Seattle: According to the Federal Aviation Administration (FAA), Boeing has installed defective parts on 133...

Must read

You might also likeRELATED
Recommended to you