US stock indices were down over the last week, against the backdrop of tensions between the US and China. The possibility of mutual trade taxes can affect the action of the two countries. The Chinese authorities say that the first pass can get American companies who have manufacturing operations in China, such as Apple, Intel, Boeing.
There was also an agreement between the United States and South Korea on a six-year bilateral trade deal, which will mitigate trade tariffs between the two countries.
Oil from the beginning of today's trading retreated from recent highs. Last week the price of Brent crude rose above the $70 mark per barrel. After the rocket attack of Iran on Saudi Arabia, the United States will accelerate out of the nuclear deal with Iran, which would entail new sanctions and falling supply in the black gold.
New data released from the US shows record growth of production and an increase the number of drilling to a mark of 804 pieces.
