Wall Street opened after the publication of data showing that US GDP shrunk by 0.3% in the first quarter of the year, due to the large increase in imports to the world’s largest economy by companies trying to avoid the highest costs they would pay. In addition to the unexpected reduction of GDP, the US is also observed in the private sector. With the opening, the Dow Jones industrial index recedes 0.70%, the NASDAQ index of high -tech companies by 2.07%and the S&P 500 complex index by 1.35%. European stock markets also went to the “red”: around 16.20 the Paris Stock Exchange fell 0.18%, Frankfurt -0.42%and Milan -1.36%. In a first reaction, President Donald Trump urged the Americans to “be patient”, insisting that the tariff policy would eventually lead to the flourishing of the American economy. Trump rejected responsibilities to his democratic predecessor, Joe Biden, […]
Source: News Beast
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