Trading wars lead to a slowdown in the markets, so many manufacturers began facing increases in the prices of primary goods and materials, against which profits began to decline. The producers now have to make a choice: either raise prices for goods or reconcile with a decline in profits. This phenomenon is affecting the United States, the EU, Japan and China, whose production indices began to decline.
Tomorrow the ECB decision on the interest rate will be published; it is currently forecasted that there will be no changes and it will remain at the previous level of 0.0%.
The renminbi rate continues to decline and in the near future we can see a price of 7.00 per US dollar. Last time the yuan fell so dramatically, from 6.20 to 6.90 in four months, was two years ago.
The Bitcoin rally continues and it has already overcome the 8,300 mark with no sign of stopping yet.
Quotations for oil are currently in different directions and if Brent is gaining 0.36%, then WTI lost -0.15%.
