Apple’s figures yesterday once again generated enthusiasm on the stock markets. However, the actually decisive factor was disappointing. Sales in the service sector were weak and burdened the market’s belief that Apple is rapidly transforming itself from a hardware company to a service provider. Meanwhile, the coronavirus epidemic in China is increasingly turning into a black swan for the economy. The number of people infected has already surpassed the number of SARS-infected people. And that after such a short time. If China stands still for a longer period of time, this will have a massive impact, especially on the commodity markets (half of all base metals are in demand from China). And for Trump (and the stock markets) there is also a black swan there with the statements of John Bolton.
Yesterday, the announcement that China would not want to buy any or less US Treasury bonds caused severe turbulence in the markets. Although China’s State Administration of Foreign Exchange (SAFE) rejected this report as “fake […]
The Gold price is currently proving robust. However, it could have slipped significantly from Friday evening and yesterday. Friday noon Gold was trading at $1,726, yesterday noon at $1,735, and now at $1,738. Let’s take […]
The Trump administration currently seems to be strongly focused on the deal with Canada and Mexico (USMCA) in the trade war. But here too, as in the deal with China, there are always new announcements, […]