Stock prices on Wall Street fell on Tuesday, October 6, following US President Donald Trump’s decision to suspend talks with Democrats on a new US economic stimulus package.
Stock prices rose in Europe, and US stock prices initially continued to rise on Monday, but were replaced by a fall following Trump’s announcement on the Site Twitterthat he will suspend talks on economic stimulus until he wins the presidential election on November 3.
The president wrote that he had offered a $ 1.6 trillion aid package, but House Speaker Nancy Pelosi “did not negotiate in good faith.”
“I reject their request and look to the future of our country. I have instructed my representatives to suspend the talks until after the election, when, immediately after my victory, we will pass a major Incentive Bill focusing on hard-working Americans and small businesses. ”
A few hours before Trump’s announcement, Jerome Powell, head of the US Federal Reserve’s (FRS), called for new economic stimulus, saying “too little support will lead to weak [ekonomikas] recovery, creating unnecessary difficulties for households and businesses “.
“The fact that most of the news over the last few days about the stimulus talks was positive added to today’s surprise,” he said. Gorilla Trades strategist Ken Berman. “Although the president promised to pass a ‘big bill’ after the election, the lack of quick support could severely stifle the consumer economy.”
Oil prices rose before the hurricane that threatens oil rigs in the Gulf of Mexico.
US stock index Dow Jones Industrial Average on Tuesday it fell by 1.3% to 27,772.76 points, the Standard & Poor’s 500 index fell by 1.4% to 3360.97 points, while the index Nasdaq Composite decreased by 1.6% to 11 154.60 points.
The London Stock Exchange index FTSE 100 rose 0.1% to 5949.94 points on Tuesday, the Frankfurt stock exchange index DAX 30 rose 0.6% to 12,906.02 points, while the Paris stock exchange index CAC 40 rose 0.5% to 4895 .46 points.
In the e-commerce of the New York Stock Exchange, the price of WTI crude oil increased by 3.3% on October 6 to USD 40.67 per barrel. Brent The price of crude oil on the London Stock Exchange rose by 3.3% to $ 42.65 per barrel.
The euro fell against the US dollar from 1.1783 to 1.1733 dollars per euro on Tuesday, the British pound against the US dollar fell from 1.2979 to 1.2868 dollars per pound, and the US dollar against the Japanese yen fell from 105.75 to 105.60 yen per dollar. The value of the euro against the pound sterling rose from 90.79 to 91.14 pence per euro.
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