Trump positive for Covid, future markets plunging

US President Donald Trump announced Thursday night that he and his wife Melania tested positive for coronavirus and that they began a quarantine process.

“Tonight the First Lady and I tested positive for covid-19. We will immediately begin our quarantine and recovery process. We will get through this TOGETHER! ”The president wrote on Twitter.

Trump is “fine” and will carry out his “functions without interruption” from the White House, where he will quarantine with the first lady, said the president’s doctor, Sean Conley, in a statement.

Both “are doing well at the moment and plan to stay at home in the White House during their convalescence,” Dr. Sean Conley said in a statement. “I hope the president will continue to serve without interruption while he recovers,” he added.

The White House cancelled the campaign trip that Donald Trump had planned for Friday to Florida, after the US president announced that he tested positive for covid-19.

 

How Trump’s covid19 positive will affect the markets?

 

The scenario that opens it is uncertain, in the middle of the electoral campaign and a few weeks before the elections, the Dow Jones futures and the S&P 500 turned down. At this time they are falling more than 1%, while the yen strengthens against the dollar. The Wall Street crash also dragged the European markets down and Euro Stoxx 50 futures fell 0.8%.

The uncertainty that opens after the positive of the president of the United States, a month before the decisive presidential elections of November 3, takes a toll on investors, who flee from equities and bet on assets considered safer. S&P futures, which barely registered any movement before the announcement, are down around 1.3% at this time, similar to the fall of the Dow Jones. Meanwhile, the Nasdaq technology market futures lost 1.8%.

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