Obama briefed on global financial markets developments: White House
WASHINGTON (Reuters) - U.S. President Barack Obama has been briefed on developments in global financial markets, the White House said on Monday after world stock markets plunged.
White House spokesman Josh Earnest said that the U.S. economy is strong and that U.S. officials continue to urge China to pursue financial reforms, including moving toward a more market-determined exchange rate for its currency.
(Reporting by Roberta Rampton, Susan Heavey, Jeff Mason; Editing by Emily Stephenson)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- A strong earnings season looks likely to help restore market confidence - UBS
- How nervous are investors right now?
- JPMorgan says S&P 500 tactical bounce 'poised to continue'
Create E-mail Alert Related Categories
ReutersRelated Entities
Barack ObamaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!