There is a growing concern on the markets about a slowdown in the economy of the United States, which is generally regarded as the healthiest in the world right now. The treasury yield curves turned, which signals to market analysts that the economy might be heading towards a recession once again. Of course, an actual recession would be far off, but this, paired with indications from the Federal Reserve that they are getting ready to support the economy with dovish policies, definitely makes a statement about the economic downturn in the US.
Meanwhile, President Trump is celebrating, as Robert Mueller’s Russia investigation is over, and an announcement that there is no sufficient evidence to charge the President has been made.
In Europe we got positive news from Germany, where the IFO Business Index came in higher than predicted. Moreover, there is also the prospect of postponing Brexit even more, should Theresa May’s deal fail in another vote this week, which will be good for the euro and would bring a degree of calm to the European markets.
