This article is from the source 'independent' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.independent.co.uk/news/business/news/donald-trump-s-immigration-policy-knocks-global-markets-stocks-dollar-a7552471.html

The article has changed 8 times. There is an RSS feed of changes available.

Version 2 Version 3
Donald Trump’s immigration policy knocks global markets Donald Trump’s immigration policy knocks global markets
(35 minutes later)
The dollar and stocks around the world fell on Monday after President Donald Trump introduced highly contentions immigration curbs that attracted sharp criticism from around the world. The dollar and stocks around the world fell on Monday after President Donald Trump introduced highly contentions immigration curbs that attracted sharp criticism globally.
Mr Trump over the weekend signed two executive orders to ban refugees from entering the US and to rebuild the military.Mr Trump over the weekend signed two executive orders to ban refugees from entering the US and to rebuild the military.
One order begins the process, in his view, of building up the armed forces, while the other is designed to prohibit radical terrorists from entering the country, but acts as a temporary, blanket ban for any refugee coming to the US.One order begins the process, in his view, of building up the armed forces, while the other is designed to prohibit radical terrorists from entering the country, but acts as a temporary, blanket ban for any refugee coming to the US.
The move sent jitters through global markets, with traders fearful that it would be destabilising. The move sent jitters through global markets, with traders fearful that it would be destabilising and spark fresh bouts of volatilty.
"While we continue to think a Trump victory likely means higher US growth in 2017 than we would have expected 3 or 6 months ago, we still think volatility will be a feature of the year," said Jim Reid, a senior strategist at Deutsche Bank. "It just seems that there are too many uncertainties, unknowns and major policy changes attached to a Trump presidency for it to be a smooth year," he said. "While we continue to think a Trump victory likely means higher US growth in 2017 than we would have expected three or six months ago, we still think volatility will be a feature of the year," said Jim Reid, a senior strategist at Deutsche Bank. "It just seems that there are too many uncertainties, unknowns and major policy changes attached to a Trump presidency for it to be a smooth year," he said.
The UK's FTSE 100 kicked off the session around 0.5 per cent lower after the MSCI's broadest index of Asia-Pacific shares outside of Japan ended the day lower and Australian shares lost more than 1 per cent.  The UK's FTSE 100 kicked off the session around 0.5 per cent lower after the MSCI's broadest index of Asia-Pacific shares outside of Japan earlier ended the day down and Australia's top stock index lost more than 1 per cent. 
Japan's Nikkei finished the day around 0.5 per cent lower. Demand for the yen, which is considered a relatively safe asset to hold during times of market volatility, weighed on the stock index’s major exporters. Japan's Nikkei finished the day around 0.5 per cent lower. Demand for the yen, which is considered a relatively safe asset to hold during times of market uncertainty, weighed on the Nikkei's major exporters.
In the US, future contracts pointed to a weaker open on the S&P 500, the Dow Jones Industrial Average and the Nasdaq indexes. In the US, future contracts pointed to a weaker open on the S&P 500, the Dow Jones Industrial Average and the Nasdaq indexes. 
The dollar index fell around 0.3 per cent early on Monday, according to Reuters, and the dollar declined around 0.7 per cent against Japan’s yen.The dollar index fell around 0.3 per cent early on Monday, according to Reuters, and the dollar declined around 0.7 per cent against Japan’s yen.