February stock market heading for crash

Are we on the verge of a stock market crash? It’s complicated - The Globe and Mail

Britain's top stock index the FTSE is also around 20 per cent higher, having reached it highest ever level in January. But Donald Trump will face a big test on February 28 when he addresses the US Congress, where he is expected to provide more detail on tax and spending plans.

In recent months, stock markets have been boosted by expectations of a huge spending drive by new US President Donald Trump. The so-called 'Trump Trade' banks on the leader's plans to boost the US economy and the performance of companies, with the effects felt across the world. In Britain the FTSE has also been boosted by a weaker pound, as well as stimulus from the Bank of England following the Brexit vote.

Today's Stock Market News and Analysis - wunesajoc.web.fc2.com

But experts are now becoming nervous that soaring values are near their peaks, as shares could be seen as expensive through certain technical measures. Online investment managers Nutmeg today announced exposure to US markets has been cut to focus on emerging market economies.

The President is now the most likely trigger for a mass sell-off, according to Kathleen Brooks, research director at City Index Direct.

Another trigger could be rising interest rates in the US, which ends the ultra-accommodating policies that were put in place after the last financial crisis. The strong dollar could also weigh on American companies by hurting exports.

Fawad Razaqzada, market analyst at Forex. See today's front and back pages, download the newspaper, order back issues and use the historic Daily Express newspaper archive.

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