Markets worldwide suffered on Tuesday as the U.S. imposed visa restrictions on Chinese officials in response to the detention or abuse of Muslim minorities, having already blacklisted 28 Chinese companies over their alleged involvement in the treatment of ethnic Uighurs in Xinjiang province, angering Beijing.
Tensions are also heightened due to a stand-off between Beijing and the U.S. National Basketball Association following a tweet from Houston Rockets general manager Daryl Morey supporting pro-democracy protests in Hong Kong.
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Trump's trade tweets have moved market's Fed expectations, Goldman saysPresident Donald Trump's tweets on trade have much more of an impact on the market's expectations for Federal Reserve monetary policy than his tweets directly criticizing the central bank, Goldman Sachs said. To the extent that Trump’s tweets are killing business confidence, this is prob true. Powell stated as such: “our business contacts around the country have been telling us that uncertainty about trade policy has discouraged them from investing in their businesses.” The markets are full of uneducated sycophants if they listen to a guy who lies by the second. Trump needs to go. I supported him but no longer. He is a drama queen, and destroying Americans wealth and companies. Please impeach this idiot, he needs to go now.
Source: CNBC - 🏆 12. / 72 Read more »