Market Overview, July 15

Positive data from China is boosting the markets all-around.

Economic News
15. Juli 2019

Today we received economic reports from China which exceeded investors’ expectations. Despite the fact that GDP growth shrank from 6.4 down to 6.2% in the latest report, the level of industrial production marked an increase to 6.3% and retail sales were up at 9.8% in June. It’s possible that the good data won’t have any significant long-term consequences, as an economic slowdown is still expected to remain the trend in China, but in the short term this was good news.

Based on these reports, European stock indices improved, as did the value of the euro itself. The Chinese yuan also strengthened. The American dollar, on the other hand, relaxed and lost its recent momentum.

The stock markets were also boosted by the news that the United States is currently trying to relax its stance on Huawei and find a way to lift some of the restrictions imposed on the Chinese company earlier. This would be a step forward in the trade negotiations between China and the US, which are about to start again soon.

Anna Sneider

Economic News

Market Overview, July 12

China wins the surplus battle, while oil remains volatile.

Anna Sneider
12. Juli 2019

Economic News

The Oil Market Oversupplied Again

The IEA stated that in the next year the market for crude oil will remain oversupplied.

Anna Sneider
12. Juli 2019

Economic News

Fed Interest Rate Cut Incoming

The United States is preparing for an interest rate decrease for the first time in 10 years and the USD has weakened.

Anna Sneider
11. Juli 2019