By Tom Arnold and Elizabeth Howcroft
LONDON, Oct 2 (Reuters) – A wave of risk aversion swept markets on Friday after U.S. President Donald Trump said he and his wife had tested positive for COVID-19 and will isolate, weeks ahead of the elections.
Shortly before 0500 GMT, Trump said on Twitter that he and his wife had been tested for coronavirus after Hope Hicks, a senior advisor who recently traveled with the president, tested positive.
He later tweeted he and the first lady had tested positive: “We will begin our quarantine and recovery process immediately,” he said.
U.S. stock futures fell on the news EScv1, NQc1 and Treasury yields dipped.
Analysts said the initial risk-off moves were a knee-jerk reaction. As European markets opened, the move in U.S. stock futures pulled back slightly.
At 0735 GMT, S&P 500 futures were down 1% EScv1. Futures for the tech-heavy