White House: US President Trump will sign an executive order shortly regarding social media companies

Anil Panchal FXStreet

Adding to the slew of updates from the US, the White House Press Secretary Kayleigh McEnany recently announced that US President Trump will sign an executive order shortly regarding social media companies.

Markets implications

The news follows US President Trump’s tweets to Veto a bill that could reinstate three surveillance systems that might hinder his path of re-election. This adds to the market’s pessimism, already fuelled by US-China tussle, while adding burden on the S&P 500 Futures, currently down 0.16% to 3,030.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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