قالب وردپرس درنا توس
Home / Business / Trump said he had finished his way to another period, running through the stock market

Trump said he had finished his way to another period, running through the stock market



President Donald Trump is expected to link the case to another term in the White House for the success of the stock market and the economy, according to a number of recent reports.

On Wednesday, CNBC, referring to sources described as familiar with the thinking, reported that the 45th President is attempting to accelerate the completion of a trade agreement with China, to secure a new catalyst for markets.

The report comes after Bloomberg News said that Trump has become increasingly aware that the negotiation process between Beijing and Washington has contributed to expanding a bullish stock market exchange rate on the brink of a record for duration since the crisis time was low in the 9th. March 2009.

A White House spokesman refused to comment on the reports that Trump wanted to speed up a Chinese trade pact specifically to increase the stock market.

In the past few months, the Chinese-US trade struggle has been among the main causes of market uncertainty, without contributing to slowing down and potentially hindering business decisions during an annual tariff spit.

Perhaps, more than any other president, Trump has hitched his political success to what is being done by the stock market.

Since Trump's amazing defeat of democratic presidential candidate Hillary Clinton, the Dow Jones Industrial Average

DJIA, -0.52%

received 40.3%, S & P 500 index

SPX, -0.65%

has climbed almost 30%, and the technological heavy Nasdaq Composite Index

COMP, -0.93%

has had a brilliant 45% return, from late morning Wednesday, according to FactSet data.

Markets took a thumb in the latter stages of 2018, but culminated in the worst Christmas Eve for the key record of record, according to Dow Jones Market Data.

This downturn has been attributed to a combination of concerns about global trade and a federal reserve that had proved dogmatic in its approach to normalizing monetary policy, though the stock market gains diminished.

Since December is low, but stocks have slumped higher, while Nasdaq climbs 22%, S & P 500 increases 18.2% and Dow returns 18.1%, believing that the Fed would stop its rate hike campaign and that an agreement between Washington and Beijing would be achieved sooner rather than later.

It is worth noting that Trump has been a vocal critic of the Fed, claiming that the central bank's exchange rate agenda threatened to undo all the progress he had made on business.

Too late, a lack of fresh development on China's trade front has coincided with listless markets.

The Wall Street Journal on Sunday reported that Trump and Chinese leader, President Xi Jinping, are working at a summit to take place in Mar-a-Lago, Trump's Florida club, at the end of this month, which could be a final trade discussion .

At least one major junction is enforcement of an agreement, according to the Wall Street Journal.

Provides critical information for the US trading day. Subscribe to MarketWatch's free need to know newsletters. Register here.


Source link