At a recent WTO meeting the US faced China again. The American Chamber of Commerce spokesman Robert Lighthizer said that they have "a chronic problem with China." Washington demanded reforms of the Chinese economy, so that it becomes more susceptible to global market trends, to which the Chinese Ambassador Zhang Xiangchen responded that such statements are blackmail and extortion. Furthermore, Beijing stated they will not react to such statements and that they are ready to respond to US tariffs.
At the same time, the EU and the US withdrew from trade wars. Moreover, there was an unusually short press conference of the ECB, which lasted only 40 minutes, at which it was announced that the volume of asset repurchase would continue to decrease from the current 30 billion euros, to 15 billion in early October. Before the press conference, the ECB's interest rate decision was published, as expected rates remained at the same level, since at a previous press conference a decision was voiced that until the summer of 2019 interest rates will remain unchanged.
According to Forbes magazine, Mark Zuckerberg, following the fall in shares, lost $15.4 billion, while Facebook shares remained virtually unchanged during yesterday's trading.
