The US stocks were down on Monday, following the fall of the FTSE 100 and European stocks, as investors are concerned about the impact of Donald Trump’s duties and cuts on the federal government on economic development. The US president, repeating statements by the Minister of Finance, referred to a “transition period” for the US economy. In an interview with Fox News if a recession is possible this year, the US president replied: “I hate to predict such things. There is a transitional period, because what we do is too big – we bring wealth back to America. It takes a while. ” Bond traders bet on a recession in the US as the trade war deepens. Dow Jones sank by 916 points, or 2.14%, Monday. The S&P 500 fell 2.9% and the technological Nasdaq Composite fell 4.3%. European markets were also significant with significant losses. The Pan -European Stoxx 600 index closed 1.3%at 545.9 points. Its branch […]
Source: News Beast
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