Stock markets yesterday realized that Monday’s impulsive rally was based on “alternative facts” (a phrase used by Trump’s consultant Kellyanne Conway). This took the form of the alleged progress made by US pharmaceutical company Moderna in the development of a vaccine against the coronavirus. This means that the S&P 500 benchmark index is once again failing at the upper end at a prominent mark (between 2950/60). However, the Fed putt has a supportive effect. Meanwhile, the stock markets are still unimpressed by the ever-increasing rhetoric between the US and China. The focus is now on Taiwan. The world’s largest chip manufacturer TSCM from Taiwan stopped supplying chips to Huawei. So they are implementing the US ban ahead of schedule.
China is obviously becoming more and more self-confident in the trade war and demands that the USA take back the 15% punitive tariffs introduced on 01st of September. Is this good news for the stock […]
How easy or hard will be the way back to normal from the corona crisis? New satellite data show that China, for example, is only at around 80% of its previous economic output. The road […]
There is still a hanging game on the markets. They are waiting for Donald Trump’s decision on punitive tariffs against China. According to a report in the Wall Street Journal, the delegations of the superpowers […]