Sorry, you must be at least 19 years old to consume this content.
By Tom Arnold and Elizabeth Howcroft
LONDON (Reuters) – Wall Street on the brink of a sharp fall Friday, when U. S. President Donald Trump and his wife tested positive for coronavirus just four weeks before the U. S. election to send investors to safer gold, treasury spending and yen.
Europe’s major stock markets fell by 0. 5%, after recovering some of its steepest morning falls, futures markets recorded losses of 1. 5% to 2% for the S
Trump said on Twitter that he and his wife had tested positive for coronavirus: “We will begin our quarantine and recovery process,” he said in a nighttime tweet, adding that one of his most sensitive aides had also contracted the virus.
The global stock index MSCI, which tracks the shares of 49 countries, fell by 0. 2% but is still on track for a 2% increase for the week, which will be the most productive in more than a month.
Markets will have more news to digest with monthly knowledge about jobs in the US. But it’s not the first time Expected at 12:30 GMT, however, Trump’s exposure can cause a new wave of market volatility if it seems to disrupt the presidential election in some way, which are only 33 days away. .
The duration of the aversion measures will depend on the extent of the infection at the White House, said Francois Savary, lead investment director of Prime Partners, a Swiss asset manager.
“We would probably have to wait until the end of the week to get more clarity on the situation,” he said.
“This will weigh on the market early next week, but it won’t lead to a lasting correction if the infection is contained in Trump,” he added.
The United States never delayed the programming of a presidential election, including the Civil War or the Great Depression, and moved it only twice for administrative reasons, either in the first 60 years of the country’s founding.
With regard to the shocks of the inventory market, the assassination of President John F. Kennedy on November 22, 1963 saw the S
White House news also led to a rise in the dollar and the Japanese yen Safe Harbor, which recorded its biggest jump in more than a month, reaching 104. 95 to 0553 GMT.
Compared to a foreign exchange insday, the dollar index rose 0. 1% on the day to 93,807 at 1051 GMT.
The Australian dollar, which serves as a liquid proxy for dicy assets, fell by 0. 5%, regional tensions made the Russian ruble the most affected, with a drop of 1. 5%.
Germany’s 10-year benchmark bond fell by about 2 basic issues to -0. 543%.
Oil fell and Brent dropped four to $39. 29 a barrel at 1053 GMT, which extended losses as the European consultation progressed.
Gold rose 0. 2% to $1908. 63 an ounce, after playing a maximum of 10 days in the previous session.
BETS OFF
“Depending on how this scenario unfolds over the weekend, especially if senior US government officials are not going to do so. But it’s not the first time Positively, gold could be ready for a prolonged uptick,” said Jeffrey Halley, senior market analyst at OANDA.
With the scenario in the run-up to the election now unclear, the online betting site Betfair has suspended the final voting results of 3 November.
Even before Trump’s infection was announced, markets had been more bearers after Washington failed to reach agreement on a fiscal stimulus package to help the U. S. economy recover from the effect of the coronavirus.
The latest set of monthly unemployment data in the US is expected to be the largest in the world. But it’s not the first time Before the election, show that 850,000 new jobs were created in September, up from 1371,000 last month. .
(Information through Tom Arnold and Elizabeth Howcroft; additional information through Rachel Armstrong; Edited through Larry King and Tomasz Janowski)