Growth of the stock market that was registered in the course of the previous week and that was caused by optimistic information about the progress of tax reform in the US was followed by a drop in key American stock exchange indices by the end of Friday, 1 December, which exceeded 1%. The reason behind this drop was reports that US President Donald Trump’s Ex National Security Adviser Michael Flynn was indicted. On Friday, it became known that Michael Flynn was accused of giving false evidence to the FBI about contacts he had with the Russian government during Trump’s presidential transition. Michael Flynn pleaded guilty of lying to the FBI in the federal court of Washington and stated that he was accepting full responsibility for his wrongful actions regarding the “Russian case”. Regardless of this fact, weekly growth of the American Standard&Poor’s 500 Index reached 1.5%. On Thursday, 30 November, the S&P 500 Index set a new historical record-high. 

Financial markets survey 04.12.2017