Tuesday, September 29, 2020
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:
This article is for information purposes only.
Please remember that financial investments 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.
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.

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