12:41 PM · 14 May 2020

Stocks drop to session lows as Trump speaks

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

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