Friday, April 23, 2021
Finance

The Trump bump for shares is dented but where do oil price head

Let’s be fair to President Trump. The “worst falls” in stock markets since his election last November require perspective. The Dow Jones Industrial Average, which passed the 20,000 mark only in January, was approaching 21,000 before Tuesday’s decline that continued into Wednesday.

The previous pace couldn’t have been sustained for ever. Stock markets rarely run in straight lines, especially when the US Federal Reserve has raised rates twice in three months.

It’s a similar story in the UK. Just as the Dow remains above 20,000, so the FTSE 100 index closed on Wednesday 300 points above the 7,000 mark, which it last passed around Christmas time. The Trump bump to share prices has merely received a dent, which was to be expected.

Important:

The articles are for information purposes only and Invest for Property shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.

Invest for Property does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

Leave a Reply

sixteen + one =