Trump shakes the markets once more with his twitter

U.S. Futures were lower on Monday, after U.S. President Donald Trump unleashed a tweet fury over the weekend, sparking another round of political uncertainty. First, Trump accused Special Counsel Robert Mueller of hiring “hardened Democrats” to investigate a ties between the 2016 presidential campaign and Russia. After a while, he dismissed the idea that former Deputy FBI Director Andrew McCabe had incriminating documents. McCabe was fired on Friday, just two days before his retirement.

Combined these two tweets caused more havoc than entire macroeconomic updates coming from the Fed: The S&P 500 futures fell 14 points or 0.54% to 2,741.25 while Dow futures decreased 131 points or 0.52% to 24,834.0. Meanwhile tech heavy Nasdaq 100 futures was down 98 and a half points or 1.40% to 6,945.50.

Markets are also looking ahead to Wednesday, when the Federal Reserve delivers its interest rate decision. Traders are expecting an interest rate increase as Fed chair Jerome Powell gives his first press conference.

In Europe stocks were down. Germany’s DAX fell 116 points or 0.94% while in France the CAC 40 decreased 35 points or 0.67% and in London, the FTSE 100 was down 91 points or 1.28%. Meanwhile the pan-European Euro Stoxx 50 lost 25 points or 0.74% while Spain’s IBEX 35 slumped 64 points or 0.66%.

Sources: 

https://www.ft.com/markets?format=&page=2

https://www.investing.com/news/stock-market-news/stocks-us-futures-point-to-lower-opening-bell-after-trump-tweet-storm-1347564

https://www.ft.com/content/8c71d1ca-2b14-11e8-9b4b-bc4b9f08f381

https://www.ft.com/content/d959b06c-2889-11e8-b27e-cc62a39d57a0

https://www.nbcnews.com/politics/first-read/five-reasons-why-single-trump-tweet-mueller-stretched-truth-n857831