MARKET PANIC: FTSE 100 sheds BILLIONS in response to collapse of Trump’s healthcare bill

Monday, March 27, 2017
By Paul Martin

FEARS over Donald Trump’s presidency has gripped global markets amid signs a huge stock bubble is about to burst and wreak financial chaos.

Mon, Mar 27, 2017

Britain’s top share index the FTSE 100 shed billions of pounds of value on Monday morning, to sit at its lowest level in almost a month after adding to last week’s losses.

It follows overnight sell-offs in Asia, while US stock indices the Dow Jones and S&P 500 are also tipped to tumble when they open later today.

The panic has been triggered by US lawmakers’ rejection of Mr Trump’s healthcare bill on Friday.

Investors are now concerned the President will find it difficult to pass his promised tax reform and infrastructure spending plans.

The economic policies of the Republican leader had sparked hopes of US and global economy boost and subsequent huge market rally after Mr Trump won the election in November.

The FTSE 100 and Dow Jones reached record highs at the beginning of March amid expectations companies were set reap the benefits of the new policies.

But doubts over the outlook have grown after Mr Trump’s defeat last week – despite have a congress that has a Republican majority.

Banks and financial companies expected to surge from the President’s plans, have now suffered the worst sell-offs over the past few days.

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