Tensions in the trade relations of the largest economies continue to find reflection in stock quotes. The S&P 500 index broke its rally, and shares of emerging markets lost more than 1%. The prices of energy and metals also took a strong blow. Oil has suffered the biggest losses in two years and the price for Brent crude oil has fallen to 74.29 dollars per barrel. The renminbi rate fell to a three-year low and reached the level from August 2015.
As expected, the Bank of Canada set a base rate of 1.5%, raising it by 25 basis points, so the Canadian dollar won 100 points from the greenback yesterday.
The market of cryptocurrencies continues to cling to the lows on the background of trade wars and investors seeking refuge.
