Trade relations between the US and China remain strained, since 1,300 kinds of Chinese products have come under the tariff plan published in the United States. One of the priorities in the tariff plan was the high-tech industries such as robotics, aerospace, among others, since the US accuses China of violating intellectual property rights. In this regard, Asian stocks are under intense pressure.
In turn, China has introduced additional duties on US exports in the range of 15-25%.
Despite the IMF's call to China about the need to eliminate the concerns of their trade policy, the Chinese ambassador said that the response will be proportional to the introduction of new US tariffs.
Energy prices since the beginning of the trading week continue to go down. At the moment, the price of Brent crude oil is USD 67.2 per barrel. In addition, today we expect the publication of US crude oil inventories data.
