Today there is much going on around the world that has a bearing on the global financial markets. In order to better organize your trading, we would take a look at some of the key events today.
First of all, there are new developments in the tariff debate between the United States and China. After the initial back and forth of tariffs between the two countries, China finally announced how it would retaliate against the second blow the US dealt it (in the form of a second round of tariffs worth $50 billion). China will impose tariffs on a similar amount of goods coming from America, including automobiles, airplanes, and more. China’s tariffs will begin from the same date the US’s tariffs start.
The trade tariff issue has also been dragging stock indices down, including the US stock market, Asian, and European markets.
China’s decisive step against the US managed to push the dollar towards a decline. Investors once again returned their attention to the Japanese yen which is the preferred safety asset among finance professionals.
