020 7898 0500Donald Trump sent a tweet, all in caps, in the early hours of Monday morning which threatened the Iranian president, Hassan Rouhani. Somewhat surprisingly, the markets barely reacted to the news. The markets were more reactive to the G20 warning that heightened trade and geopolitical tensions could hit the global economy.
Amazon’s shares fell by 2% later in the day, as Trump Tweeted some comments about the Washington Post. The newspaper, which is owned by Jeff Bezos, came under fire from Trump who took exception to a report that Trump was privately frustrated with the slow progress in North Korea negotiations. It is remarkable what impact Trump can have on a company just by tweeting about them.
Like Germany and the eurozone, today we will see composite, services and manufacturing PMI from the US. Composite is expected to dip slightly, but services and manufacturing are forecasted to hold steady.
