European markets, Asian markets, US stock index futures have in common that they were hit by investors’ concerns about the escalating trade war. The pessimism among the traders is widespread. Trade worries increase following China’s accusations against Trump’s administration the United States of “trade bullying”.
New steps towards denuclearization were made in a 3-day summit in North Korea. The North Korean leader Kim Jong Un and the South Korean President Moon Jae-in met for another round of talks.
China is striking back to Trump’s fresh tariffs. The US administration imposed new tariffs just few days after USA’s invitation to China for another round of trade talks.
To the surprise (?) of many, Trump brought the US-Sino trade war to the next phase. The US administration imposed new tariffs just few days after USA’s invitation to China for another round of trade talks.
The common currency rose to its highest against the US dollar since the 28th of August. The reopening of trade negotiations following USA’s invitation to China buoyed euro, as traders’ sentiment improved.