Donald Trump sets tone as dollar weakens, stocks retreat: markets wrap - News Summed Up

Donald Trump sets tone as dollar weakens, stocks retreat: markets wrap


New York: Donald Trump’s unorthodox approach to governing continued to set the tone on global financial markets as investors assessed the US president’s latest moves on immigration and trade. It added to losses after Trump said China and Japan “plan” their money markets. Treasuries edged higher with gold as controversy around the White House’s immigration policy drove haven purchases. US stocks headed for a fourth day of losses as corporate earnings did little to clarify the strength of the economy. Investors are also contending with a spate of corporate results a day before the Federal Reserve’s latest policy decision.


Source: Mint January 31, 2017 15:26 UTC



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