Too much uncertainly in the world
Trump announced a 10% tariff to be imposed on remaining $300bn worth of Chinese goods, how will this affect the market?
Influential leaders from some of the world’s largest economies meet on an annual basis in the so-called G20 meeting. With Argentina currently holding the rolling presidency of the organisation, the 2018 summit is scheduled to be held in Buenos Aires on November 30th and December 1st.
The week may have started with bumper gains for Chinese markets as Beijing promised tax breaks in a bid to boost consumer spending, but there was early scepticism that the stimulus measures weren’t going to be sufficient and this seems to be playing out right now.
The Dow made a run towards 27,000 in the early part of yesterday’s session and despite slipping back from intra-day highs, the benchmark index still managed another record close – it’s 15th of the year so far.
There’s a definite risk-off sentiment emerging right now, with traders seemingly struggling to find much upside.
The previous set up we had spoken about on EURUSD looks like it’s unraveling a little with the US dollar pushing higher across the board.
Its trade we speak about yet again but this time it's due to a trade deal rather than tariffs. Finally, over the weekend Canada and the US reached an agreement that will change the market outlook for the week.