Currently, there is a decrease in the main indicators in the US markets.
The US Treasury Department had no concerns about liquidity when Department head Steven Mnuchin held talks with the heads of the six largest US banks on Sunday. This was reported on Monday by CNBC, citing an official in the Ministry of Finance.
“There is no reason to believe that it [the negotiation] was concerned with something else, except for borrowings and liquidity. The titles of the reports of telephone conversations with the heads of the banks had to be devoted to the economy. The message of the leadership of the banks is that the state of the US economy is very strong,” the official said.
Mnuchin held talks with the heads of Bank of America, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo on Sunday. They, according to the Ministry of Finance, confirmed that they have enough liquidity to issue loans and for other market operations. It was noted that, according to bankers, at the moment the markets “function properly”.
Currently, in the US markets, despite the assurances of the Ministry of Finance about the stable situation in the US economy, there is a decline in key indicators. Thus, the industrial index Dow Jones on Monday fell by 464.8 points or 2.07%, to the level of 21 980.57. The S & P 500 index, which includes shares of the 500 largest companies in the US market, also fell by 38.4 points (1.6%) to 2378.22, and the NASDAQ electronic exchange index fell by 277.11 points (4.24%) to 6 251.29.
Experts attribute the decline to a combination of various factors, in particular concerns about the prospects for the growth of the US economy, the consequences of the actions of the US Federal reserve, which last week for the fourth time in a year announced an increase in the base interest rate. A large share of uncertainty is added by the temporary shutdown of the US Federal government