If the Phase 1 deal is signed today ( 5:30) pm, the stock markets might see some profit taking. Yesterday already, this profit-taking began on the US stock markets with the announcement that the existing punitive tariffs would remain in force until the US election. They could only be abolished (if at all) with a Phase 2 deal. This reduces the stock markets’ (priced-in) expectation of the “eternal peace” between the US and China. Tariffs and investment uncertainty remain, supply chains are being relocated. The important thing today is the publication of the text of the deal. Tonight Donald Trump attacked Apple in a tweet. Yesterday the stock (and thus the Nasdaq) probably not by chance weaker.
OPEC has published its monthly report with production volumes at the end of January. From the end of December to the end of January, the total production quantity fell by 509,000 barrels per day to […]
Normally, the stock markets would hardly be able to make a move today on US Thanksgiving Day. But the signing of the “Hong Kong Human Rights and Democracy Act” by Donald Trump is a negative […]
The extent to which stock markets are currently decoupling themselves from economic reality is becoming increasingly significant! The US indices (led by the S&P 500, the world’s most important index) are likely to reach new […]