In economic terms the score is 1-0 for China against the USA! Tonight again a much better than expected Caixin Purchasing Managers Index from China (services). Today the ISM Index from the USA will give a good comparison of the economic situation in the USA! Most recently, the ISM Index Industry in the USA shrank four times in a row – unlike in China. Have the US already passed its cyclical high? US equity markets have outperformed markets in other regions of the world by more than 100%. Bond guru Jeff Gundlach says that this could now be reversed in a downturn. Today also the NATO summit is in focus. Will Trump again move the markets strongly with his statements?
Data from China tonight have shown why Beijing was willing to buy large quantities of US agricultural products: Consumer prices in China have risen more than they have since 2013 due to massively rising prices […]
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 […]
As we described in our last article about the US Dollar against the Japanese Yen two days ago, the pair was in a sideways trend. All indications were that the market was preparing for a […]