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me financial markets at the mercy of the latest news from the United States: the president Triumph and his wife Melania are in quarantine for COVID-19 positivity.
An unexpected event, which comes at one of the crucial moments for the great American power and, consequently, for the market scenarios: in fact, the electoral campaign for the presidential elections in November, long awaited.
financial world it is reacting nervously to the decline in the main indices, once again prey to uncertainty.
Trump Effect on Markets: Losing Wall Street
U.S. futures plunged in morning trading on Friday, October 3 after President Donald Trump said he tested positive for the coronavirus.
Dow Jones Industrial Average futures tumbled 555 points. The S&P 500 and Nasdaq 100 indices also turned into negative territory.
Meanwhile, the 10-year Treasury yield fell to 0.6578%.
David Page, Macroeconomics Director at AXA Investment, commented: “This is a huge shock: they are completely exogenous events.”
The future S&P 500 had already shown some weakness after the House of Representatives again failed to approve the expected fiscal stimulus package, which does not find an agreement between the 2.2 billion sought by Democrats and the 1.500 proposed by Republicans. In fact, the last dem proposal was rejected by the counterpart.
