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Trading Trump: Wall Street stresses over White House comments

Reuters  |  NEW YORK 

By Lawrence Delevingne and Trevor HunnicuttNEW YORK (Reuters) - JPMorgan Chase & Co's trading desk was not buying what U.S. President Donald Trump was selling this week.On Tuesday, major stock indexes plummeted more than 3 percent on renewed fears of a trade war with China - just days after Trump tweeted, following a steak dinner with Chinese President Xi Jinping, that "Relations with China have taken a BIG leap forward!""It doesn't seem like anything was actually agreed to at the dinner," JPMorgan wrote in a note to clients later that day, adding that Trump's tweets "seem if not completely ...

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First Published: Thu, December 06 2018. 18:42 IST
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