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?
Yesterday the political theatre in Washington was again in the focus of the markets! Trump had the transcript of his conversation with the Ukrainian president published – and it raises more questions than there are […]
The markets have begun to price in some kind of deal in the trade war between the USA and China – tonight at 8.45pm (German time) Trump meets China’s Liu He. The optimism of the […]
In China, swine fever is raging at an unprecedented rate. Now Beijing wants to buy US pork in particular. How did Donald Trump recently cheer on the agricultural agreement with China, which is actually not […]