The impeachment scandal around Donald Trump is developing in full force. Today we learned that the whistleblower who first alerted the government about Trump’s suspicious phone call will anonymously testify before Congress. Moreover, the US President might also have grounds to doubt his close aides, as the whistleblower was not present during the call, therefore someone else among the people in the room must have talked about it. At this point there are too many unknowns for the markets to consider the whole impeachment ordeal seriously.
Meanwhile, the Chinese markets will be closing down for a week-long holiday starting tomorrow. Nevertheless, celebration seems to be far from anyone’s mind as the protests in Hong Kong are still going on in full force. In fact, tensions are escalating, and many blame China for not bringing a peaceful end to them. Donald Trump previously said that ending the protests would be a prerequisite for reaching a deal with China.
There were also some mixed reports from Europe. According to data from several members of the EU, including Germany, inflation is decreasing, which indicates a slower economic growth. However, the EU unemployment rate fell to an 11-year low, which was a pleasant surprise for investors.
