Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

‘Wealth’ Of Trump Tweets Dents Attempted Bounce

By City Index (Ken Odeluga)Market OverviewMay 10, 2019 15:37
uk.investing.com/analysis/wealth-of-trump-tweets-dents-attempted-bounce-200208030
‘Wealth’ Of Trump Tweets Dents Attempted Bounce
By City Index (Ken Odeluga)   |  May 10, 2019 15:37
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

European Equity Market Handover

Stock market snapshot as of [10/5/2019 12:49 PM]

  • The @realDonaldTrump Twitter feed has been very active, taking some wind out of the sails of Friday’s stock market bounce
  • European shares managed to stabilise with the help of standout gainers like Germany’s Thyssenkrupp (DE:TKAG), though U.S. markets were thrown off balance
  • The U.S. President has been keen to push his view—not backed by any normal understanding of economics—that tariffs will “bring in FAR MORE wealth” to the U.S. “than even a phenomenal” trade deal
  • Wall Street futures managed to reach positive territory earlier, but have now succumbed to Trump’s onslaught of well over 30 tweets within an hour
  • Market scepticism about the possibility of a breakthrough on day two of talks in Washington with China’s Vice Premier Liu Hu was already high
  • The key takeaway for investors is that a President endorsing tariffs over a trade deal is negative for the chances of one being sealed anytime soon. All that’s left is to buckle up for the final downswing of the week

Corporate News

  • Uber;s (NYSE:UBER) IPO looms large over a quietening earnings season on both sides of the Atlantic. After the stock priced at the lower end of the planned range, the focus is on whether FOMO alone can deliver a big uplift from its starting price of $45 a share
  • Germany’s ThyssenKrupp followed the spin-off trend of fellow DAX Industrial with plans to list its elevator unit as it reported so-so earnings. The news was just in time to offset dented sentiment after regulators blocked its planned merger with India’s Tata (LON:TISCq). The shares have surged 17% higher

Disclaimer: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient.

Any references to historical price movements or levels is informational based on our analysis and we do not represent or warrant that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, the author does not guarantee its accuracy or completeness, nor does the author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

Original post

‘Wealth’ Of Trump Tweets Dents Attempted Bounce
 

Related Articles

‘Wealth’ Of Trump Tweets Dents Attempted Bounce

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email