video Video
Concerns over Trump dent stocks, dollar
Wednesday, May 17, 2017 - 01:34
Concern that U.S. President Donald Trump's reform agenda could be slowed down, and that Trump himself could even face the threat of impeachment, hits the dollar and spurs a pullback from richly valued stocks. David Pollard reports.
▲ Hide Transcript
▶ View Transcript
Just as he's fighting off one crisis - over sharing intelligence information with Russia - another ones come along. Donald Trump now accused of telling sacked FBI chief James Comey to end a probe into a former national security advisor. (SOUNDBITE) (German) HEAD TRADER AND STOCK MARKET STRATEGIST ODDO SEYDLER BANK, OLIVER ROTH, SAYING: "He is making one blunder after another. Investors are concerned that what was originally expected of Donald Trump might in fact never be delivered because he won't be in power long enough." Sentiment that drove European stocks down around half a per cent - the FTSE ending a nine-day winning streak. And the dollar under even more pressure - its latest dip means all gains made since Trump's election win have now been lost. (SOUNDBITE) (English) NICK PARSONS, GLOBAL HEAD FX STRATEGY, NAB, SAYING: "Investors have kind of given up on the idea of a Trump reflation trade. They've given up on major announcements on infrastructure and spending. They've given up on any further significant tax reform." Adding to the gloom is recent weakness in US data. And an awareness that China's debt - and risks elsewhere - haven't entirely gone away. SOUNDBITE (English) SENIOR FX STRATEGIST, RABOBANK, JANE FOLEY, SAYING: "From that perspective, I think whilst there has been some pretty good news in terms of the global economy this year there are still hurdles which really could falter the upside for stock markets." The White House has denied the latest accusations. But the reports raise questions over whether obstruction of justice charges could be laid against the president. And in turn, impeachment.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Concerns over Trump dent stocks, dollar
Wednesday, May 17, 2017 - 01:34
Top News »
3:11pm BST - (1:26)
1:36pm BST - (2:16)
12:49pm BST - (1:40)
1:18am BST - (1:27)
Tue, 24 Apr, 2018 - (1:07)
Tue, 24 Apr, 2018 - (0:37)
Tue, 24 Apr, 2018 - (1:43)
Tue, 24 Apr, 2018 - (1:54)
Tue, 24 Apr, 2018 - (1:24)
Tue, 24 Apr, 2018 - (1:51)
Tue, 24 Apr, 2018 - (1:29)
Mon, 23 Apr, 2018 - (0:56)
Editors' Picks »
10:15am BST - (1:59)
Tue, 24 Apr, 2018 - (2:00)
Tue, 24 Apr, 2018 - (1:36)
Mon, 23 Apr, 2018 - (1:56)
Fri, 20 Apr, 2018 - (1:24)
Fri, 20 Apr, 2018 - (2:04)
Thu, 19 Apr, 2018 - (1:45)
Tue, 17 Apr, 2018 - (2:44)
Tue, 17 Apr, 2018 - (2:15)
Most Popular »
Thu, 23 Nov, 2017 - (1:16)
Tue, 05 Sep, 2017 - (1:17)
Business »
4:31pm BST - (1:18)
4:29pm BST - (0:51)
4:00pm BST - (1:20)
3:37pm BST - (1:12)
2:42pm BST - (1:10)
2:15pm BST - (1:35)
2:15pm BST - (1:15)
1:18pm BST - (1:59)
1:18pm BST - (1:51)
11:47am BST - (1:06)
10:15am BST - (1:26)
Tue, 24 Apr, 2018 - (1:57)
Featured Videos
Driverless car fleet plans London to Oxford run
A fleet of autonomous cars could take to Britain's roads later this year with advanced trials of a ÂŁ13 million project well under way
UK royals Kate and William have baby boy
It's a boy. Britain's Duchess of Cambridge has given birth to her third child, and second son, with husband Prince William
Aussie pilot Hall soars to victory in Cannes
Australian pilot Matt Hall claims victory in the second leg of the Red Bull Air Race world championship in Cannes, France
Luxury liner Queen Elizabeth II reopens as floating hotel
One of the world's most famous ships is now a floating hotel permanently moored at Dubai's Mina Rashid port
World Toad in the Hole Championships
The aim of the traditional pub game originating from France is to land as many large brass coins or 'toads' in a table's small hole
Technology »
3:17pm BST - (1:49)
Tue, 24 Apr, 2018 - (2:13)
Tue, 24 Apr, 2018 - (1:48)
Mon, 23 Apr, 2018 - (1:55)
Sun, 22 Apr, 2018 - (1:30)
Fri, 20 Apr, 2018 - (1:50)
Thu, 19 Apr, 2018 - (1:54)
Thu, 19 Apr, 2018 - (0:46)
Entertainment »
1:16am BST - (1:17)
Tue, 24 Apr, 2018 - (1:38)
Tue, 24 Apr, 2018 - (1:51)
Tue, 24 Apr, 2018 - (1:18)
Tue, 24 Apr, 2018 - (1:25)
Tue, 24 Apr, 2018 - (2:02)
Mon, 23 Apr, 2018 - (1:28)
Mon, 23 Apr, 2018 - (1:39)
Mon, 23 Apr, 2018 - (2:11)
Mon, 23 Apr, 2018 - (1:50)
Mon, 23 Apr, 2018 - (0:39)
Sports And Leisure »
10:14am BST - (0:55)
Tue, 24 Apr, 2018 - (0:47)
Mon, 23 Apr, 2018 - (1:17)
Mon, 23 Apr, 2018 - (2:38)
Mon, 23 Apr, 2018 - (1:27)
Mon, 23 Apr, 2018 - (1:17)
Mon, 23 Apr, 2018 - (1:30)
Mon, 23 Apr, 2018 - (1:40)
Mon, 23 Apr, 2018 - (1:07)
Fri, 20 Apr, 2018 - (1:08)
Oddly Enough »
Mon, 23 Apr, 2018 - (0:45)
Fri, 20 Apr, 2018 - (1:00)
Fri, 20 Apr, 2018 - (1:27)
Thu, 19 Apr, 2018 - (0:53)
Thu, 19 Apr, 2018 - (0:53)
Thu, 19 Apr, 2018 - (2:22)
Tue, 17 Apr, 2018 - (1:33)
Tue, 17 Apr, 2018 - (1:27)
Thu, 12 Apr, 2018 - (0:49)
Dateline Asia »
Tue, 05 Dec, 2017 - (2:06)
Tue, 05 Dec, 2017 - (2:11)
Fri, 01 Dec, 2017 - (2:04)
Thu, 30 Nov, 2017 - (2:10)
Thu, 30 Nov, 2017 - (2:14)
Wed, 29 Nov, 2017 - (2:11)
Tue, 28 Nov, 2017 - (1:55)
Tue, 28 Nov, 2017 - (2:21)
Mon, 27 Nov, 2017 - (2:25)
Fri, 24 Nov, 2017 - (2:16)
Fri, 24 Nov, 2017 - (2:14)
Thu, 23 Nov, 2017 - (2:18)