After Donald Trump’s speech yesterday, there is disillusionment about the trade war. The US president lacked any optimism about an imminent deal. According to insiders, the sticking point is still China’s demand to abolish punitive tariffs. Both sides are still very far apart. The markets are slowly becoming impatient, the Asian markets under pressure tonight. Today the impeachment case against Trump will come into focus with television broadcasts of hearings (continues next week). And Fed Chairman Jerome Powell talks to the US Congress about the Fed’s further course. Last night, one central bank refused an expected rate cut – a symbolic sign?
Just now Trump with a statement that the stock markets do not like at all. It would probably be better to wait until after the US elections (November 2020) to make a deal with China. […]
A virus is burdening the stock markets. A corona virus is spreading in Asia from the Chinese city of Wuhan. There are now reports of infections in other major Chinese cities and other countries (Japan, […]
The Fed has clearly disappointed the high expectations of the markets – despite the 0.25% rate cut. What is particularly serious is that the majority of FOMC members do not expect interest rate cuts this […]