European stocks crash to lowest levels of 2017 amid Trump fears

Monday, January 23, 2017
By Paul Martin

FEARS over Donald Trump’s presidency shook global markets during Monday trading, pushing stocks in Europe to their lowest levels in a month.

By LANA CLEMENTS
Express.co.uk
Mon, Jan 23, 2017

Germany’s leading share index the DAX was down around 0.4 per cent, while France’s CAC fell 0.3 per cent to lows not seen since 2016.

Britain’s FTSE 100 was down around 0.5 per cent, driving the index fell below the 7200 mark.

US stock markets also dropped at the open, with the Dow and S&P both slipping into the red.

At the same time, the dollar suffered a sell-off, and was down against both the pound and the euro.

Investors are fretting over the new President’s economic policies.

And worries helped to push gold prices up, as the precious metal is considered a traditional haven against market turmoil.

The dollar suffered a sell-off, and was down against both the pound and the euro.

Markets have rallied since Mr Trump won elections in November, with the FTSE 100 reaching record levels in 2017.

It now waits to be seen if the new President will carry out key promises, such as tax cuts and increased government spending, which have helped boost stocks.

If there are signs of a U-turn, investments could suffer heavy losses, experts have warned.

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