By Admin 
Share Market: The trust of investors over the US economy has been shaken after US President Donald Trump criticized Federal Reserve Chairman Jerome Pavel. Due to this, there has been a huge decline in American stocks and dollars. The benchmark S&P 500 index declined by 2.36 percent on Monday, which is the biggest decline ever this year.
Dollar reached three -year low
Meanwhile, the Tech-Havi Nasdaq Composite Index also recorded a decline of 2.55 %. With this, this index has slipped from its position about 18 percent from the beginning of this year. On Monday, the dollar reached its three -year lowest level. It fell by 97.92 as compared to major foreign currencies like Euro, Yen, Frank. Government bonds also declined on Monday as investors started selling assets commonly considered safe. The reward of 10-year-old bonds in America is rising to 4.4 percent.
Sluggish in Asian market too
The Asian market also started with lethargy on Tuesday. In the beginning of trading in Japan’s Nikkei 225, Hong Kong’s Hong Seng Index and Taiwan’s Taiiex index, there was a decline of 0.8 percent, 0.6 percent and 0.5 percent respectively. Trump is furious at Pavel, the chairman of the Fed Reserve for refusing to cut interest rates. On his social media handle, he has called Pavel as ‘Major Loser’ and ‘MR Too Late’. He has also threatened to remove Pavel from the post. Now he is considering the ways of legally removed to them.
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