Stocks drop to session lows as Trump speaks

12:41 14 May 2020

Donald Trump appeared on Fox News today. The US President touched on many topics but he's comments on China and USD drew the most attention. Trump said that it is a good time to have a strong USD and that he is very disappointed with China. He added that the US has information on China and the virus that is "not good". European stocks moved to session lows with DE30 testing 10,300 pts. USD strengthened against most major peers.

DE30 is continuing a steep sell-off as Trump's comments boosted risk aversion. The index is heading for an important support at 10,250 pts. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back

Join over 1.6 Million investors from around the world