Moods Are Optimistic

Markets Review

Economic News
04 февр. 2019 г.

Donald Trump expressed optimism about the US negotiations with China and the DPRK. A similar opinion was expressed by the head of CBS that the denuclearization agreement would be respected and that Pyongyang wanted to make a deal. Recall that the second summit between Donald Trump and Kim Jong-un is expected soon. Also, at the end of this month there should be a meeting between Trump with Xi Jinping in Vietnam.

Asian markets are trading at a moderate plus and expect positive changes in the negotiations between the US and China. On Friday US stock indices grew and Dow Jones was able to gain a foothold above the level of 25.000, which was due to the growth in Asian markets.

From the start of Friday's trading session to the current moment the price of Brent crude oil was able to dial in the cost of about $2 and energy prices will update local maximums at the maximum values ​​for 12 weeks.

The growth of quotations is due to a possible reduction in oil supplies to the United States from Venezuela, as well as due to the OPEC agreement to reduce production in the current year. It is possible that today the price of WTI will be higher than $56 per barrel.

Marten Claes

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