AMERICAN STRENGTH: President Trump Touts The State of the Economy in New York

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Trump's speech is of interest to world markets today

 13 November 2019 12:19 AM
From: Ahmed Shawky

Live : US President Donald Trump's speech raised concerns of global markets at the end of Tuesday's trading.

As usual, the US president leaves only an occasion and attacks the Federal Reserve, the last of which was during his speech at the Economic Club in New York.

Trump said the Fed's mistakes and its president had deprived the US economy and stocks of strong gains.

The US president since his election , "S & P" index rose by more than 45 percent, and went up , "Dow Jones" industrial by more than 50 percent and "Nasdaq" by 60 percent.

Trump added that the US central bank weakens the competitiveness of the United States with other countries.

China also had a share of criticism. Trump said Beijing had deceived the United States for years but blamed former presidents for doing so.

However, the US president stressed that the first phase of the trade deal with China is close.

Global Stock Indices

 Most US stock indices rose to new record highs at the end of today's session after Trump's speech and comments on trade and the Fed.

In economic data, US small business confidence in the US economy improved over the past month as recession fears eased.

European shares also rose at the end of today's session near the highest level in four years amid hopes of postponing US tariffs on European cars.

In terms of economic data, investor confidence in Germany's economy has improved significantly this month but remains within negative territory.

The number of workers in Britain fell at the fastest pace in four years in the past month, and the unemployment rate fell less than expected.

Japanese stock indices also ended higher as the yen weakened and shares of exporters rose .

Nissan Motor Co.'s profit fell by 55 percent as car sales fell in the third quarter.

Falling oil and gold prices

Oil prices retreated after settling nearly 1 percent during the session on trade uncertainty as Trump's speech gave no strong indication of progress in trade talks with China.

The rising dollar and US stocks also pushed gold prices lower for a fourth straight session.

 

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A decade of solid economic growth.  

 

GO RV, then BV

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