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…
Last week, I laid out four reasons for why this gold rally will be bigger than anything we’ve ever seen. I explained how central banks are buying up piles of gold… how China is using the metal to remove its dependence on the U.S. dollar… and why the Fed’s shifting strategy is bullish for the sector.
The U.S. Federal Reserve’s FOMC meeting decision, followed by uncertainty over the geopolitical climate in the Middle East were the two primary factors that drove market moves this week. The ongoing trade spat between the U.S. and China also remains unresolved and can be expected to trigger further market volatility ahead of the G-20 meeting in Japan next week.
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.
Trade disputes continue to be of primary concern to markets and to the global economy as a whole.
Escalating trade disputes between the U.S. and other nations of the world remain the primary driver for market volatility.
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.
Escalating tensions in the trade talks between the U.S. and China sent markets lower as President Trump threatened to enact a tariff increase on Chinese goods beginning Friday. When the U.S. followed through on its threat at midnight on Friday morning, stocks plunged as equity markets apparently had not been pricing in the fact that the deal could collapse so quickly.
The U.S. Federal Reserve was the primary driver for market movements this week as analysts awaited the release of the Non-Farm Payrolls report for April on Friday.
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