Market Overview, June 14

The United States' conflict with China and with Iran are dominating the markets.

Economic News
2019年6月14日

The trade conflict between the United States and China continues to dictate the way the market moves. In the tech sector, chip manufacturers are lowering their growth forecasts because of this conflict. Moreover, the recent ban on Huawei from the United States has been a particularly damaging blow to American and European tech stock indices. Chip-makers such as Qualcomm, Skyworks, Broadcom, Infineon, ASML, and more are all pessimistic about their future business.

Speaking of the negative effects of the trade war, the industrial output index for the month of May from China slumped to a 17-year low. China is the biggest importer of raw materials and fuel to support its massive industry, but this huge drop indicates demand from China will be significantly lower. This will have negative repercussions for global trade, as many countries do business with China.

Oil prices today are lowering once more, as the IEA published a forecast of growing supply. This balanced out yesterday’s 4% spike in oil prices which was caused by attacks on two tankers in the Gulf of Oman, allegedly by Iran.

Anna Sneider

Economic News

US and Iran Bickering

The United States has accused Iran ot attacking the two oil tankers that exploded yesterday.

Anna Sneider
2019年6月14日

Economic News

June 13: Digest Review

The demand for safe assets has increased with the latest news.

Stanislav Litinskyi
2019年6月13日

Economic News

Forex Review, June 13

The dollar is doing better today, while the EUR and the GBP are not.

Anna Sneider
2019年6月13日