The ECB's largely unexpected rate cut sparked a short rally on European markets. But the dominant theme on Wall Street was a little blue bird. We asked analyst Lars Halter about it.
The president wrote that the Fed is "the only problem our economy has." Wall Street stocks plunged for a fourth straight session despite Treasury Secretary Steven Mnuchin's efforts to reassure investors.
Stock investors are in celebratory mood as no other asset class is doing better than equities these days. As the bull run continues breaking all-time highs virtually every week, DW's Lars Halter sees clouds emerging.
Global trade spats, rising interest rates and Brexit uncertainty have helped most stock indices to their worst year in a decade. Recession fears for 2019 could mean more significant drops, especially for tech stocks.
Wall Street ended the day Tuesday, with solid gains after a rollercoaster ride that saw losses halved from Mondays plunge. Markets in Asia were down seven percent but regained momentum to close down 4.7 percent.
© 2019 Deutsche Welle |
Legal notice |
| Mobile version