White House says economy 'incredibly strong' after stock-market dive
11 Octobre, 2018, 15:57 | Auteur: Auguste Feret
President Donald Trump again criticised the Federal Reserve for raising interest rates, calling it a "mistake" hours after the worst U.S. stock market sell-off since February.
"I like low interest rates, " said Trump, adding that the Fed "has gone insane", and that the Fed was 'going loco' about rising rates. "They're so tight. I think the Fed has gone insane", Trump said.
The Dow Jones dropped by more than 800 points on Wednesday in one of the worst days for the stock market since February, and President Donald Trump had an explanation ready when asked by reporters.
The Dow Jones stock market average dropped by 831 points, which is 3.15 percent of its opening value on Wednesday. The benchmark 10-year Treasury yield surged to a seven-year high on Tuesday and the 30-year bond yield jumped to its highest since 2014. The Fed is doing what it thinks is necessary, but I don't like what they're doing because we have inflation really checked and we have a lot of good things happening.
The 10-year yield is now 3.20 percent, the highest in than seven years and up sharply form 2.82 percent in late August.
China Mobile shares fell 3.7%, insurance group Ping An dropped 4.1% and China Construction Bank lodged a slide of 3.2%.
Italy and France far-right leaders slam Brussels ‘bunker’
She argued the European Union had become "totalitarian" and operated against the interests of the citizens it represents. Salvini heads the League party, one of the two major parties supporting the government of Prime Minister Giuseppe Conte.
Investors are leaning into safer stocks with steady dividends - utilities and consumer staples - and pulling out of the higher-paying, higher-risk stocks as other guideposts of growth, like the communication sector, tumbled.
A spike in Treasury yields and solid United States economic data have sparked concerns that the Federal Reserve may pick up the pace of its interest rate hikes.
"As concerns increase over higher interest rates dampening growth, investors are evolving their trading strategies accordingly".
The markets have been on a historic climb - with the Dow and S&P each notching dozens of new highs since 2016 - buoyed by a strong USA economy and solid corporate earnings. He has repeatedly criticized the central bank for raising interest rates this year, decisions aimed at preventing the economy from overheating.
"It's shifting the tectonic plates", said Jack Ablin, chief investment officer at Cresset Wealth Advisors. The S&P 500 lost 94 points, or 3.3 percent, to 2,785. The problem I have is with the Fed.
"I stood on the floor in the crash of '87, so this is nothing", Benedict said. Berkshire Hathaway dipped 4.7 percent to $213.10 and reinsurer Everest Re slid 5.1 percent to $217.73.
A duo of astronauts from the US and Russian Federation has blasted off for a mission on the International Space Station. It is not clear at this time if that flight will be delayed as a result of the Soyuz MS-10 failure Thursday.
US consumer price inflation is now above 2 percent annually and the unemployment rate is the lowest in about 40 years. Wall Street extended its losses Wednesday afternoon as markets continued to skid, with the Nasdaq leading the losses.
In December 2016, southern Spain was hit with severe weather, resulting in widespread flooding and several deaths. World number one tennis star Rafael Nadal, who is from the island, was seen joining in with the clean-up effort.
Je pense que nous devons prendre nos distances avec le scénario d'un "no deal" (...). "Nous n'en sommes pas là. Une rencontre décisive est prévue entre Theresa May et ses homologues de l'UE le 17 octobre.
The CDC says it got information on 362 cases of the illness in the USA from August 2014 through August 2018. Acute Flacid Myelitis or paralysis (AFM) is a rare disorder that is increasing in prevalence.
Meteorologists first got a sense something big could be happening by watching how Michael's eye changed shape. Footage shows other homes and cars submerged in flood waters as the hurricane battered the Sunshine State.
UWOs, which came into effect earlier this year, have been dubbed "McMafia" powers following the popular BBC global crime drama. Zamira Hajiyeva, wife of a jailed Azerbaijani banker, has been named after losing a High Court battle to remain anonymous.
Missing Saudi journalist's fiancee asks for Trump's help
The officials spoke on condition of anonymity because they were not authorised to talk to reporters about the subject. Secretary of State Mike Pompeo acknowledged the conflicting reports about the safety and whereabouts of Khashoggi.
Monstrous Hurricane Michael tears into Florida
Marks River began surrounding their home. "We've been through hurricanes but never where we were completely cut off like this". After the hurricane made landfall, Florida Governor Rick Scott urged those who didn't evacuate to stay in place.
Dow Jones industrials sink 700 points as bond yields rise
Many stock-market observers pin the start of the current bull market, the longest since World War II, at March 9, 2009. The 10-year Treasury yield rose to 3.22 percent from 3.20 percent late Tuesday after earlier touching 3.24 percent.
Princess Eugenie's bad new title
They weren't included in Harry and Meghan's wedding so they're sure to be excited about the second royal wedding of the year . Earlier this week, Eugenie posted a photo on Instagram of her and Beatrice as bridesmaids with the caption #tbt sisterly love.