Daily market review – May 18th 2017

Stock market abstract background

The trading in the European stock exchanges is taking place on Thursday in light of the sharp declines in trading on US stock exchanges yesterday, in the shadow of political scandals involving President Trump
The leading indexes on Wall Street yesterday ended the worst day in eight months, with declines of up to 2.6%.

Asian stock markets closed in a negative direction.
The Japanese yen strengthened significantly against the US dollar and weighed heavily on Tokyo’s stock market.
Investors seem to be ignoring the data released today, pointing to an expansion of the Japanese economy at an annual rate of 2.2% in the first quarter, above the market forecasts to a growth rate of 1.7%.

So what caused the nervousness in the markets?
The US President Donald Trump, whose promises of far-reaching economic reforms have been the catalyst for Raleigh in recent months, is now the reason for the fear that has permeated the markets.
The President Trump reportedly leaked secret intelligence information to Russian officials.


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