It’s no surprise that today the markets are still under the influence of trade war worries. After Donald Trump imposed further sanctions on Chinese imports in the amount of $200 billion, China implemented retaliatory sanctions on $60 billion of American goods. Despite last week’s invitation by the United States for continued negotiations over trade with China, for now it seems that the two largest economies in the world cannot see eye to eye.
Nevertheless, in spite of the bad news in terms of the trade war worsening, stock markets are doing well today. Even Asian markets registered gains, particularly in China where it is expected that the Bank of China will soon take measures to soften the blow caused by US sanctions on the economy. Things are going well on the European and American stock markets as well.
Moreover, with the latest data on oil production in the United States, the prices of crude oil decreased to $69.49 for the US crude and $78.87 for the Brent crude.
