While global stock markets have been suffering quite a lot lately due to trade war tensions between the world’s biggest economies, this Tuesday many indices turned towards growth.
Stocks traded on Wall Street reached a six-month maximum, which also had a positive impact on the Chinese exchanges, and was echoed in Europe. In China the situation is additionally cushioned by hopes that the government is leading adequate monetary policies that will support the massive Chinese economy, even as trade disputes with the United States worsen. China and the US exchanged new duties as recently as Friday and the crisis seems far from over.
Furthermore, the United States are also taking aim at Turkey by adding customs fees to some Turkish imports. Turkish governmental representatives are set to travel to the US soon to negotiate.
Today the United States is putting sanctions on Iran back into place, which might cause disturbances in oil supply from OPEC’s third largest member. The fear of supply shortages from Iran pushed oil prices up. The Brent crude reached $73.99.
