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 answers. The US President’s serious assessment of the situation shows two things: this morning (Washington time) he had all the Republican senators called in to show them the transcript. And he’s trying to keep the markets high with his statement that a deal with China will come faster than we can imagine. So Trump is playing on the markets’ keyboard of hope, but in fact he is more battered than ever before in his tenure. Why should China meet the USA and Trump in this situation with concessions beyond the already painless purchases of US agricultural products?
The Risk Off Trade is in full swing this week. If institutional investors are feeling the effects of uncertainty in the markets, they will leave emerging market bonds, for example, but above all the equity […]
Things are getting lively again in the trade war! First of all statements by Donald Trump, who is in Europe: the talks with China would go on, he will raise customs tariffs against Chinese goods […]
The rise in oil prices over the last 48 hours (more than 5 dollars) shows that the economic worries that dominated the oil market a week ago suddenly no longer concern anyone. But can you […]