In the trade war the news becomes more and more absurd! Today the Chinese media report that they agree to reach an agreement. It can hardly be more absurd. On closer inspection, however, there is nothing concrete about the telephone conversation between Liu He and Mnuchin/Lighthyzer. Not even an appointment to visit with the delegations. Yesterday there had already been a report about a supposed agreement, so before today’s telephone call. This shows that Beijing in particular is currently propagandising, probably so that tariffs will not come into force on 15th of December. The stock markets in Asia reacted with short and violent euphoria. However, this euphoria evaporated because not even a hint of substance is recognizable in the reports from Beijing. Positive news from the trade war as an excuse for the Fed-driven rally?
Current statements of the US President before his meeting with Xi Jinping Donald Trump is giving new hope in the trade war – most recently the US president with optimistic statements: there is a very […]
The trade war continues to dominate the markets. And there is a kind of headline chaos! Yesterday great optimism after the supposed agreement between the USA and China on mutual dismantling of tariffs. But then […]
Last night Beijing released the worst GDP figures since the start of recording data since (1992), but consumption and industrial production nevertheless show an upward trend after the massive stimulus measures. Are the economic figures […]