1. Escalations in the ongoing U.S.-China trade war continued to trigger wild swings in equity markets this week. Volatility should be expected to remain elevated for the coming weeks as the trade dispute escalates further. 2. The seasonally adjusted number of Americans filing initial claims for state unemployment dropped by 12,000 claims from the previous…
1. Volatility was extreme this week as U.S.-China trade tensions boiled over and global central banks began a “race to the bottom”, cutting their own interest rates right on the heels of last week’s rate cut by the U.S. Federal Reserve. 2. The seasonally adjusted number of Americans filing initial claims for state unemployment dropped…
The U.S. appears set to kick the proverbial can down the road once more as the House passed a two-year deal to increase the debt ceiling yet again, sending it to the Senate for a vote.
1. The battle over the U.S. debt ceiling has once again become a Congressional showdown, as was widely expected. The U.S.-China trade war also continues to remain largely unresolved and these two items alone are likely to trigger a significant increase in market volatility in the coming weeks. 2. The seasonally adjusted number of Americans…
1. All eyes are on the G-20 meeting in Osaka Japan this week, with heavy market expectations for some sort of progress to be made between the U.S. and China on restarting their trade talks to try to resolve the dispute between the two. 2. The seasonally adjusted number of Americans filing initial claims for…
Geopolitical tensions in the Middle East erupted again this week as Iran was accused of attacking two oil tankers in the Gulf of Oman, as well as supporting an attack against an airport in Saudi Arabia.
In 2016, James Delingpole commented that toffs hate Brexit because it’s the Peasants’ Revolt.
Trade disputes continue to be of primary concern to markets and to the global economy as a whole.
The rapidly deteriorating trade relationship between the U.S. and China was of primary focus this week, followed by further deterioration in the Brexit negotiation process in Europe.
The collapse of the trade talks between the U.S. and China was the primary driver for stock market moves this week. Ongoing uncertainty over the Brexit negotiations was also a factor in market volatility as well as increased tensions in the Middle East.
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