Stock Markets: All-time highs – because China manipulates! Video outlook (german)

China is again manipulating the stock markets. Beijing announced today that it will cut tariffs on US goods, followed by a brilliant rally on Asian stock markets. This could help the Dax reach a new all-time high today. Beijing’s manoeuvre is quite transparent. They want to use the tariff cuts to persuade the US to make changes to the Phase 1 deal (which will probably not work). Meanwhile, Goldman Sachs expects global GDP to be 2% lower in the first quarter due to the effects of the coronavirus, while the rating agency S&P warns of the impact on supply chains. Volkswagen is most affected. And there are discrepancies with the figures reported by China for coronavirus infections.

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