Trump’s remarks rattle markets, S&P and FTSE weaken
President Trump said that the agreement with Iran was “over” on 7on 8and said on 7on 10that the United States had accepted Iran’s request to continue negotiations, sending global stock indexes and commodity markets swinging. S&P 500and the UK’s FTSE 100fell, while Latin American assets also weakened and gold edged down slightly.
President Trump said that the agreement with Iran was “over” on 7on 8and said that Iran had asked to continue negotiations and that the United States had agreed. As those two remarks came one after another, market volatility increased.7on 10. The market volatility increased.
US S&P 500 index fell at the close on 7on 8on 100 index recorded its worst one-day performance since 5.
Assets in Latin America also fell. During the period, some Latin American currencies and stock prices showed declines.
In the raw materials market, gold prices 7for the month of 9declined slightly on the day. The move was observed amid shifting safe-haven demand and changing supply-side factors.
President Trump’s remarks on 7for the month of 10the day were summarized as saying that while "the ceasefire is over," there was also an agreement to continue negotiations. The time gap between the two statements appeared to have triggered the market reaction.
In markets in the United States, Europe, and Latin America, declines were observed in stock indexes and asset prices. Related indicators and trends may change depending on additional remarks and economic data released later.
Sources: Reuters,CNBC Top News,Seeking Alpha Market News,Investing.com News
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