قالب وردپرس درنا توس
Home / Business / Trump recommends US stocks; The Fed criticized again; market reaction

Trump recommends US stocks; The Fed criticized again; market reaction



"We have companies, the biggest in the world, and they are doing very well, they have record numbers, and I think it's a tremendous opportunity to buy, really a great opportunity to buy," said Trump to reporters in the White House.

In the same meeting, however, Trump again criticized the US Federal Reserve and accused the central bank of raising interest rates too fast. The risk that Trump will burn is the main reason investors dumped US stocks before Christmas.

Trump also told reporters that he remains confident in Secretary of the Treasury Steven Mnuchin, who spoke with senior bank directors over the weekend and then stated in a public statement that lenders had "sufficient liquidity." The unusual statement contributed to the discomfort of investors on Christmas Eve.

2. What's Next for the Markets: The big question is how US equities react when trading resumes on Wednesday.

US stock futures were in negative territory most of the night, but later recouped their losses. Elsewhere, there were signs of fear of grabbing markets. Gold prices rose to their highest level in six months on Wednesday and US crude prices stood at $ 43, nearly 20% below their December level. The CNN Business Fear and Greed Index showed "extreme fear".
The markets in Europe were closed on Wednesday. In Asia, the Nikkei rallied between gains and losses before closing nearly 1
%. The shaky trade followed 5% on Christmas day, putting the Japanese index into a bear market. The Shanghai Composite fell 0.3% on Wednesday.
Alarmed investors pushed the Dow down more than 650 points in a shortened trading session on Monday. The S & P 500 fell 2.7% and the Nasdaq 2.2%. The Dow, which fell 2.9%, and the S & P 500 suffered the biggest drop in Christmas Eve ever.

. 3 Housing Numbers: Despite high consumer confidence and low unemployment, 2018 home sales have taken place in the US. Houses are too expensive for many buyers, and the Federal Reserve's efforts to ease the economy from a zero interest rate have increased mortgage costs. [19659002] The S & P Case-Shiller Housing Price Index for Wednesday is expected to rise 4.9% yoy in October, according to Refinitiv.

Investors will have two more chances to evaluate the market this week. New home sales data will be released on Thursday and a report on existing home sales is due on Friday.

Before the Bell newsletter: The most important market news. In your inbox Subscribe now!

. 4 This Week Comes:
Wednesday
– S & P Case-Shiller Home Price Index
Thursday
– Consumer Confidence for December and New Home Sales for November
Friday
– Floating Home Sales for November [19659015]
Source link