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TEHRAN (Tasnim) – Global markets and US stock futures were roiled on Friday after US president Donald Trump and his wife Melania tested positive for Covid-19. The diagnosis raises questions about the course of a presidential election that’s only a month away. Dow (INDU)futures were last down 370 points, or 1.3%, after falling more than […]
The diagnosis raises questions about the course of a presidential election that’s only a month away.
Dow (INDU)futures were last down 370 points, or 1.3%, after falling more than 450 points just after Trump tweeted his condition. S&P 500 (SPX) futures were down 1.3% and Nasdaq (COMP) futures were down 1.6%, CNN reported.
“Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately,” Trump tweeted shortly before 1 a.m. ET Friday. “We will get through this TOGETHER!”
Stocks in Asia Pacific also slid on the news. Japan’s Nikkei 225 (N225) dropped 0.7%, while Australia’s S&P/ASX 200 fell 1.4%. Other markets in the region, including those in Hong Kong, mainland China and South Korea, are closed for public holidays. European stocks opened lower, with the FTSE 100 (UKX) dropping 0.7% in London, while France’s CAC 40 (CAC40) shed 1% and Germany’s DAX (DAX) declined 1.1%.
Oil futures also tumbled. US crude futures fell 2.8% to $37.62 per barrel, while Brent, the world oil benchmark, lost 2.8% to hit $39.79 per barrel. Both had settled lower on Thursday.
US stock futures were already trending lower earlier as the fate of a massive US stimulus plan remained uncertain, and as news broke that top Trump aide Hope Hicks tested positive for the virus.
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Iran exported more than 210,000 tons of fishery products worth $650 million to 67 different countries in the previous Iranian calendar year (ended on March 19), according to the head of Iran’s Fishery Organization (IFO).
An official at the agricultural organization of Mazandaran province said that 125,700 tons of the kiwi and citrus fruits have been exported from this northern province of Iran since the current Iranian calendar year started (March 20, 2024).
The head of Iran’s Trade Promotion Organization (TPO) said the country has established a SWIFT-like financial system to do business with several countries in national currencies.
A Hidden Paradise in the Heart of the Iran Desert
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