Markets reacted nervously to the message of the White house on trade negotiations with China
Confusion around U.S.-Chinese agreements and inconsistent speech of the President of the United States concern investors and hit stock markets. In the United States trading in securities on the morning of December 5, ended with the failure of all major indexes: Dow Jones industrial decreased by 3.1% (to 25027,07 points), high-tech NASDAQ — by 3.8% (to 7158,43 points) and the index of wide market S&P 500 by 3.24% (2700,09 points).
These indicators will be fixed until tomorrow — today, U.S. markets will not work because of national mourning declared after the death of the 41st U.S. President George H. W. Bush on 94-m to year of life.
And it was seriously unsettle markets.
“These trade disputes is a large canopy, with a heavy ceiling, if you like, through which the markets can’t break through,” said, Vice President for trade and derivatives in the financial services company Charles Schwab, Randy Frederick comments, “Voice of America”.
“Investors digested the details of the negotiations, and now focused on uncertainty and lack of details” — echoes a market strategist at Informa Financial Intelligence Ryan Naumann, quoted by Reuters.