The euro dropped on Monday after German data for September was weaker than expected, raising more fears about the economic slowdown.
Tag: USA
The Sterling recovered, scaling a 2-month high against the single currency, and edged up temporarily against the dollar. EU-UK is close to a deal regarding Brexit.
USMCA is the new trade deal reached by the USA and Canada, replacing the outdated NAFTA. USMCA will constitute a single agreement with the bilateral agreement between Mexico and the USA held in August.
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.