Investors sell securities of American companies after the catastrophic collapse of the stock market. In the course of trading on February 5, the indices lost all their annual growth. As a result, the world's richest people lost tens of billions of dollars. Experts, however, do not yet believe that the US economy is seriously threatened. At yesterday's trading session, the Dow Jones index, reflecting the movement of shares of industrial companies, fell by 4.6% (such a sharp drop since it did not happen in 2011. The S & P index lost more than 4%, Nasdaq fell by 3.8%. As a result, Google, Wells Fargo, Berkshire Hathaway, Apple, Microsoft, ExxonMobil and other giants lost at least $ 30 billion of their market capitalization. In total, since the beginning of the month, US companies have lost more than $ 1 trillion of their value. The initiative of American exchanges was supported by sites in Asia and Russia.
The index of the Tokyo Stock Exchange Nikkei collapsed by 5.5%, the Hong Kong index Hang Seng lost more than 4%. Tuesday's trading on MICEX and RTS opened with a fall of 2.1-2.7%. The sharp fall of the US stock markets led to the fact that 500 richest people in the world missed $ 114 billion of their assets, according to the data of the billionaires index compiled by the agency Bloomberg. The capital of the head of the investment company Berkshire Hathaway, Warren Buffett, was the hardest hit - he lost $ 5.1 billion. Next, Facebook founder Mark Zuckerberg (- $ 3.6 billion), founder Amazon Jeff Bezos (- $ 3.3 billion), Google co-founders Larry Page and Sergey Brin ($ 2.3 billion each) and Microsoft founder Bill Gates (- $ 2, 25 billion). Decrease in indices caused a stir not only for investors, but also for politicians. German Chancellor Angela Merkel called the alarming situation on world exchanges and called for the soonest formation of a stable cabinet of ministers in the country. This government, according to the Chancellor (which leads RIA Novosti), "must guarantee welfare and security". These tasks should not be missed against the background of "smaller details," she added.. Experts note that there were no fundamental reasons for the sharp collapse of the indices. Although some hidden signals and prerequisites for this were. According Assosiated Press, fall, which began last Friday, was due to investors' concerns about inflation prospects for growth and interest rates. Analysts have called a 10% decline or more common for the bull market (and US indices have been steadily growing in recent years). "It's like a child at a children's festival, which, after having already eaten cake and ice cream, decides to eat more and cookies, which brings it to overeating," - said JPMorgan Asset Management chief strategist David Kelly. The head of the "BCS Broker" expert department Vasily Karpunin agrees with Kelly: sooner or later, with the growing market, his expected adjustment takes place. Investors are afraid of rising inflation due to good news from the labor market. In January, unemployment in the US remained at the level of December (4.1%), hourly wages increased by 2.9% in annual terms (to $ 26.74), against the expected growth of 2.6%. In addition, jobs are created faster than expected - 200 thousand. in January against the expected 180 thousand. It turns out that US President Donald Trump himself dug his own pit.
He actively fought for the growth of the indicators of the domestic labor market from the beginning of his election campaign, but in the end it turned against him, creating a nervous environment for investors. So far, the American economy is early to pass sentence, experts say. They do not see the prerequisites for the trend to reduce indices is long-term. So it's premature to talk about a new crisis.
Recession in the United States, nothing foretells, despite the imbalance in the financial markets and a prolonged fall in the dollar. The White House is trying to calm the players. "The president is focused on our long-term fundamental economic performance, which remains exceptionally high: it is strengthening US economic growth, historically low unemployment and wage growth for American workers. Tax breaks and reforms will further strengthen the US economy and continue to contribute to the welfare of the American people, "said presidential press secretary Sarah Sanders.