Investors are now using hedging strategies more than ever amid global Trade War tensions between the United States and China increase. It is feared that if it continues to increase then economies from Germany to South Korea could be affected.
Washington’s Latest proposals: $675 billion (£512 billion Pounds) on Chinese goods. China is expected to retaliate in similar measures.
European Growth has slowed, oil prices are near $80 a barrel while the U.S, and most of the Central banks are looking at tightening monetary policy.
German PMI data is Exactly as expected.
|Jul 02, 10:55||
||Markit Manufacturing PMI||55.9||55.9||55.9|
I wouldn’t expect to see this have any seriously positive effect. Still positive news but not an improvement on the consensus, or prediction.
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