Stocks are falling on Wall Street in early trading Friday after President Donald Trump tested positive for the coronavirus, throwing the country into even more uncertainty as a divisive election season is heating up.
The positive test reading for the leader of the world’s largest economy heaps uncertainty onto a growing pile of unknowns investors are grappling with, first among them“To say this potentially could be a big deal is an understatement,” analysts at Rabobank said in a commentary. “Anyway, everything now takes a backseat to the latest incredible twist in this U.S. election campaign.”
Germany’s DAX gave up 1.4% to 12,558 and the CAC 40 in Paris lost 1.1% to 4,771 after new inflation figures increased the likelihood that the European Central Bank will add to its stimulus efforts this winter. Britain’s FTSE 100 dropped 0.9% to 5,826. Australia’s benchmark S&P/ASX 200 slipped 1.4% to 5,791.50. Shares in Singapore, Thailand and Indonesia also fell.
Trump is the only person in the US holding up our Economy. You fools better start praying he survives 😎
... imagine under a Biden (🤢) presidency
So not winning.
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