Trump travel curbs slam stocks, hit dollar vs. yen – one america news network


Visitors use their mobile phones before a ceremony marking the end of trading in 2016 at the Tokyo Stock Exchange (TSE) in Tokyo, Japan December 30, 2016. Binary multiplication REUTERS/Toru Hanai

NEW YORK (Reuters) – Major world equity markets fell on Monday and the dollar slipped against the safe-haven yen after new U.S. Call option price formula immigration curbs stirred concerns about the impact of U.S. Usd to sgd conversion President Donald Trump’s policies on global trade and the economy.

Stocks posted their worse day so far this year on Wall Street after Trump’s executive order on Friday, to bar Syrian refugees and suspend travel to the United States from seven countries, put the spotlight back on his protectionist bent.

The dollar fell against the yen as investors sought the traditional security of the Japanese currency, and gold edged higher amid heightened political uncertainty.

Usa today sudoku answers Gold futures rose 0.4 percent to settle at $1,193.20 an ounce, while the dollar slipped 1.18 percent to 113.70 yen.

The negative reaction to Trump’s orders cooled a rally that had lifted U.S. Binary worksheet equities to a series of record highs following the president’s election in November, encouraged by promises of tax cuts and simpler regulations. Fx rate gbp to usd However, the potential risk from some of Trump’s policies have dampened enthusiasm.

Investor enthusiasm over expectations of a pro-business Trump agenda, especially tax and regulatory reforms, had spurred the rally, said Rick Meckler, president of hedge fund LibertyView Capital Management LLC in Jersey City, New Jersey.

“These two things were most important,” Meckler said. Usd to myr exchange rate “We seem totally caught up now in immigration reform and travel restrictions. Future stock market crash Those are not things the business community is necessarily excited about.”

Peter Cardillo, chief market economist at First Standard Financial in New York, said that investors had focused on Trump’s pro-growth of proposals and ignored anything detrimental to economic activity, such as protectionism.

The Dow Jones Industrial Average closed down 122.65 points, or 0.61 percent, to 19,971.13. Canadian dollar to usd The S&P 500 lost 13.79 points, or 0.60 percent, to 2,280.9 and the Nasdaq Composite slid 47.07 points, or 0.83 percent, to 5,613.71.

The euro fell to an 11-day low against the dollar after the release of German inflation data that was slightly weaker than expected. Rs to us dollar But the euro steadied as investors reassessed consumer prices hitting the highest in three-and-a-half years.

U.S. Gold price 2016 Treasuries were little changed ahead of policy meetings of the U.S. Cool pictures of nature Federal Reserve on Tuesday and Wednesday and a heavy week of data that culminates with Friday’s jobs report for January.

Oil prices fell as news of another weekly increase in U.S. Name in binary drilling activity spread concern over rising output, just as many of the world’s oil producers attempt to comply with a deal to pump less to try to prop up prices.

The number of active U.S. Pound usd oil rigs rose to the highest since November 2015 last week, according to Baker Hughes data, showing drillers are taking advantage of oil prices above $50 a barrel.

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