Markets fall as Trump hits out at Fed, EU and China

Markets were mostly lower on Friday.

The S&P 500 dipped 0.1 percent, the STOXX Europe 600 fell 0.2 percent and the Nikkei 225 fell 0.3 percent.

Mike Dowdall, an investment strategist and portfolio manager at BMO Global Asset Management, said that “market fundamentals look pretty good” but good earnings may already be built into prices “so it’s hard to see significant upside”.

Investors were also unnerved by the latest comments by US President Donald Trump, who criticised the Federal Reserve's rate hike plans, threatened “tremendous retribution” against the European Union and indicated his willingness to impose tariffs on every Chinese good imported to the US.