Market Overview, May 28

The trade war continues, while the EU is focused on electing a new government.

Economic News
2019年5月28日

Currently the American stock markets are still not open, as the United States celebrated Memorial Day and yesterday was a day off for the US markets. They will begin work later today but are unlikely to make any gains: indices are still weighed down by the tension between the United States and China. President Trump visited Japan, who is one of the most important allies in the region who can help resolve the trade dispute between the two countries, but the meeting did not produce any significant results. Together with stocks, US Treasury Bond yields are also decreasing. In the current environment only safety assets seem to be doing well.

Meanwhile, the European Union continues to draw attention. Now that the elections for European parliament are over, today the Prime Ministers or Presidents of EU countries will gather to select the members of the next European Commission. Prominent candidates for Jean-Claude Juncker’s job include Manfred Weber, Michel Barnier, and Margrethe Vestager.

The trade dispute between the United States and China remains the most important issue still. The two countries have not made statements about each other in a few days, save for Donald Trump’s tweets. There are increasing concerns that the Chinese economy is not doing so well under American pressure and the government even had to seize a bank that was in heavy debt.

Anna Sneider

Economic News

May 28: Digest Review

On this calm day we have only a few important reports.

Stanislav Litinskyi
2019年5月28日

Economic News

EU Elections Are Over

The results are in and are better than expected, which has calmed the markets.

Anna Sneider
2019年5月27日

Economic News

Theresa May Resigning in June

The Prime Minister will be stepping down.

Anna Sneider
2019年5月24日