American Markets Fall Continues

American Markets Fall Continues

Efforts by US President Donald Trump's administration to curb the sale of low-cost shares from markets so far have failed, as a further drop in stock indicators was registered on Christmas Eve. In a movement that even surprised market observers, American Treasury Secretary Steven Mnuchin called [...]

Efforts by US President Donald Trump's administration to curb the sale of low-cost shares from markets so far have failed, as a further drop in stock indicators was registered on Christmas Eve.

In a movement that surprised market observers, US Treasury Secretary Steven Mnuchin even called the heads of the country's six largest banks yesterday personally, apparently to ensure liquidity, though there is no detail on the matter.

His call came after the worst week for American markets since 2008 and after a partial deadlock of the federal government stemming from Trump's request to finance the wall on the border with Mexico, as well as reports that the president has talked about the removal of the Federal Reserve leader. /Periscopi

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