RE: Movement10 Apr 2019 22:00
M84,
The key to the Bloomberg article to me is:
'As analysts at Jefferies point out, the market is worried about any spillover to Reckitt's U.S. infant formula business – its $18 billion acquisition of Mead Johnson in 2017 – and the risk that it could lose contracts as a consequence.'
Trump is going 'bigly' against all sorts of targets and focusing on a foreign company fits his current political aims - MAGA at the expense of foreigners and his perception that the EU is a strategic competitor.
Being risk averse with so-called blue-chips, I will be selling in the morning - with such a low spread it just costs dealing fees to buy back in again if my opinion changes. As the phrase goes, 'A Bird in the Hand is Worth Two in the Bush'.