The data on China’s imports and exports for August published over the weekend clearly show what the trade war is doing: trade between the two major powers and the world’s largest economies in particular is in sharp decline. Further declines are expected. This virus is also affecting other countries, especially Germany as an exporting nation. It has long been visible in the miserable economic data. While the trade war has already left its mark on the global economy, this is not the case on the stock markets. There are hopes for the central banks and a kind of miracle belief that the trade war could soon be settled (countless rallies of hope despite the continuing escalation of the situation).
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 […]
The stock markets showed an astonishing divergence yesterday. While the Dow Jones, S&P 500 and Dax fell, the Nasdaq rose above the 10,000 mark to a new all-time high. (New all-time highs also for Apple […]
The Oil price has continued to rise from Friday evening until today. From levels around 40.20 Dollars in WTI oil it went up today to 41.04 Dollars at its peak. Currently, the Oil price is […]