points: The rout in Asia looked likely to continue in Europe, but despite large initial declines, the slide was less than feared, according to The Guardian. The FTSE 100 index slumped 147 points as London markets opened a fall that was projected to be considerably bigger at more than 230 points until Trump took to the stage in New York . Trump remarks more conciliatory than his campaigning talk helped take the sting out of some of the most violent moves by the time London markets opened. As the scale of Trump success became clear, Asian stocks fell sharply, the dollar weakened and gold prices rallied as investors raced for cover amid anxiety about his economic policies. It because he sounded more presidential, there was no mention of lock her up or build a wall said Jeremy Cook, chief economist at money brokers World First. His comments also helped pull back projections for the scale of the fall in the Dow Jones industrial average which at one point looked set to plunge more than 800 points. It was all, dare I say it, presidential.
(news.financializer.com). As
reported in the news.
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