Stocks are rallying as markets prove resilient to Trump’s ‘meddling’
|05/16/2019||Posted by BusinessMediaguide.Com under General World News||
- Asian and European equities and US futures rallied on Thursday, recovering from earlier losses as traders overcame concerns about the US-China trade war and disappointing economic data.
- “Trump’s meddling is almost single-handedly driving the markets right now,” says Jasper Lawler of London Capital Group.
- “The president’s almost haphazard approach, of sounding optimistic over trade talks before turning confrontational, is creating high levels of uncertainty and volatility,” he said.
Asian and European equities and US futures recovered from earlier losses on Thursday as investors overcame their anxiety about US President Donald Trump’s capricious trade rhetoric as well as disappointing economic data.