There is currently a suspicious silence in the markets. The U.S. reporting season is largely over and there is hardly any economic data available this week. But one thing is remarkable at the moment: China is calling for the repeal of both cancelled and existing punitive tariffs. The Trump administration is obviously busy with where and when Trump and Xi Jinping could meet. Obviously, once again, they are talking at cross purposes! Still thin turnover on the stock markets. Greed continues to dominate events. What should go wrong, many people think, the Fed is on our side. The biggest risk at the moment is too much optimism about the trade war, and at the same time many investors are “all-in” on the long side.
In the end hardly anyone believed that Donald Trump could present a trade agreement with China before the next presidential election. The situation seemed too deadlocked and too often Trump had announced a breakthrough that […]
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 […]
At +0.2% the US import prices (July), which are much noted for their impact on inflation, turned out to be higher than expected (forecast was 0.0%; previous month was -0.9%, now revised downwards to -1.1%). […]