Are the stock markets now facing a correction after the previous “monster rally”? The statistics from the past speak for it and let expect a correction of at least 5%. But a single tweet can change everything again! The trigger for yesterday’s fall of the stock markets was on the one hand the return of the punitive tariff issue (against Brazil and Argentina, which are to be hit as suppliers of China). On the other hand the increased probability that the punitive tariffs will be levied against China as of December 15th (if no Phase 1 deal has been made so far). Now it’s France’s turn as a revenge for the French digital tax against Google & Co. Then there is the return of the recession phantom, after the ISM Index (Trade) has now contracted four times in a row.
A few minutes ago the spokesman for the Chinese Foreign Ministry, Geng Shuang, denied the report of the “South China Morning Post”, according to which there was a kind of “ceasefire” (the temporary suspension of […]
Donald Trump has arrived in London to take part in the NATO summit. In front of reporters, the US president shoots mainly against France, but also against the EU! The USA will put tariffs on […]