020 7898 0500Trump was a busy bunny over Easter as he took aim and fired several Tweets that complained about Amazon. The theory goes that he is unhappy with Jeff Bezos (who founded Amazon, but also happens to own the Washington Post which has criticised Trump in the past), so has decided to attack Amazon on Twitter. Amazon’s shares fell by some 5% on Monday which shows the extraordinary effect Trump’s Tweets can have on the markets. Worrying.
In addition, China’s retaliatory tariffs on US imports has stoked fears of a trade war which has also led to some market volatility. Investors are clearly worried at how the situation could unfold. In other market news, Spotify joined the US stock exchange yesterday. The Swedish-based company is yet to turn a profit, but it does have 157,000,000 customers; investors could see that as huge potential worth tapping into.
Today we have the employment change figures for March, services, composite and non-manufacturing PMI, mortgage applications, and factory orders.
