Trump Covid: US shares set to drop after president tests positive
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Reuters
US President Donald Trump and his wife Melania both tested positive for Covid-19
US stock markets have indicated that shares will open sharply lower after Donald Trump said he had tested positive for coronavirus.
Stock market futures showed that all three of America’s main indexes – the Dow Jones, the S&P 500 and the Nasdaq – are set to drop by between 1.2 and 1.5% each when trading begins on Friday.
The US President tweeted he and his wife Melania had contracted Covid-19.
It comes as the US heads into the final weeks before the Presidential election.
Mr Trump tweeted: “Tonight FLOTUS [First Lady of the US] I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!”
Hours earlier, Mr Trump had declared that the end of the coronavirus pandemic “is in sight”.
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In London, the FTSE 100 index was down 1% at 5,820.20 in late morning trade. In France, the Cac-40 is trading down 0.89% while Germany’s DAX index is also down 1%.
