A
abujagirl
Guest
Global stocks are weakening as Donald Trump moves closer to the White House.
GUARDIAN UK reports that there has been extreme market volatility as the updated tally of votes were posted minute by minute but with an average fall of around 4% (at the time of writing), the value of global stocks has already dropped around US$3tn in value. US stock futures fell around 4.5%, throughout Europe and the UK stocks are down around 4% to 5%, while Japan is down over 5%. These numbers are fluid, but the verdict and direction are clear.
If the financial markets are correct, a Trump presidency will be bad for economic growth and bad for global trade.
GUARDIAN UK reports that there has been extreme market volatility as the updated tally of votes were posted minute by minute but with an average fall of around 4% (at the time of writing), the value of global stocks has already dropped around US$3tn in value. US stock futures fell around 4.5%, throughout Europe and the UK stocks are down around 4% to 5%, while Japan is down over 5%. These numbers are fluid, but the verdict and direction are clear.
If the financial markets are correct, a Trump presidency will be bad for economic growth and bad for global trade.
