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Stocks - Wall Street Falls as Mnuchin Haunts Markets on Christmas Eve (news: 24/12/18)

Today's press

  • - The stock market opened lower Monday as Treasury Secretary Steve Mnuchin brought out the Christmas ghosts of past (equity selloff), present (concerns about the tenure of Fed chief Jerome Powell) and future (a sudden worry about bank liquidity).

  • LONDON (Reuters) - The pound was stuck near four-month lows against the euro on Monday and while it extended its recent rebound versus the dollar, traders said the currency would struggle to make much headway before crucial Brexit developments in January.

  • The brutal bear market we faced this year was not only necessary, it’s beneficial for the long-term outlook of this rapidly growing industry. Yes, I know – you’ve heard this a million times already. But honestly, this bear market was the best thing that happened for our company.

Forex quotes:

  • USDJPY: 110.49
  • EURUSD: 1.1423


  • S&P 500: 2378.55
  • NASDAQ: 6257.57



Forecasts which are made in the review constitute the personal view of the author. Commentaries made do not constitute trade recommendations or guidance for working on financial markets. Alpari bears no responsibility whatsoever for any possible losses (or other forms of damage), whether direct or indirect, which may occur in case of using material published in the review.

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