The stock markets in China are rising today. This is because the government in Beijing is apparently manipulating the figures again and is not afraid of absurdities. China’s health commission claims that yesterday’s death toll was too high because 108 deaths were counted twice (but how can you count deaths twice??). Obviously, the Chinese government is trying to keep the death rate constant at 2.1% with such maneuvering, and to continue sending a signal of reassurance. Yesterday the stock markets of Wall Street, but also the Dax again with new all-time highs. Today the focus is on German GDP (8 am), after the latest miserable industrial data. And US retail sales (2.30 pm). Do we see profit taking before the weekend again this Friday?
Donald Trump signed the Hong Kong Bill (Hong Kong Human Rights and Democracy Act) of the US Senate and the US House of Representatives after the close of trade on Wall Street. This significantly complicates […]
One year customs conflict USA versus China – the effects are not (yet) reflected in import prices, but elsewhere
Donald Trump’s policy of “America first” has led to a compartmentalisation of states and a noticeable impairment of free world trade. On 15th of June 2018 the US President began to implement his customs threats […]
Wall Street yesterday, the last day of the quarter, with profits. Allegedly due to new hopes of a deal between the US and China. Presumably this is simply window dressing, a biting comment by Donald […]