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Wall Street shakes off Trump-Zelenskiy clash after dip

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(Reuters) – Ukrainian President Voludimir Zelinski will leave the White House early Friday after a controversial oval office meeting with President Donald Trump, a White House official said.

US President Donald Trump said in a position on the social truth on Friday, following a controversial meeting between the leaders of the Oval Office, that Zelinski “is not ready for peace if America is involved.”

“I decided that President Zelinski is not ready for peace if America is involved, because he feels that our involvement gives him a great advantage in negotiations. I don't want a feature, I want peace. He respects the United States of America in its dear oval office. He can return when he is ready for peace,” Trump said.

The S& P 500 rose shortly and then rose again to close 1.5 % above at 5,954.50. The euro extended a slight loss and was 0.24 % in 1.0372. In European stock futures, DAX and Cac40 futures decreased by 0.6 %, EUROSTOXX Futures decreased to 1.4 % and decreased by 0.8 %.

comments:

Jose Torres, senior economists, interactive intermediaries, Greenwich, Connecticut

“Twice today we saw that traders come and defend the level of 5840 axis on the S & P, a number that corresponds to a 5 % decrease of peak. The first time after the monthly consumers spent a sharp decrease for a month in four years, then the index bounced. Take the hot exchange between Trump and Zellinski further, to about 5837, and at this point traders enter. People see any withdrawal. The base is a reason for attendance and the purchase of declines. Next to the market.

Carol Shlev, Senior Market Experts, BMO Private Wealth, Minyabolis, Minnesota

“The markets will remain more focused on the policy of customs tariffs – how much, and when – and what involves commercial activity, consumer spending and confidence. Most American investors (and voters) are interested in beating the pocket book near the house, and Russia/Ukraine was just one of many global considerations on the edges for a very long time.”

“On the other hand, European markets can be more affected, given that it may seem increasingly clear that the defense of Ukraine and/or dealing with Russia will leave them.”

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