On Thursday the US Treasury Secretary Stephen Mnuchin said that the US is open and ready to resume dialogue, insisting that the US is not for tariffs, but for fair terms of trade. China also expressed an unwillingness to engage in a trade war, but if necessary, take retaliatory measures, though we can already observe a slight slowdown in China's economy.
American technology companies are at their peak and have reached historical highs. For example, the value of Microsoft reached 800 billion dollars, and shares of Amazon, Apple, Alphabet, and Facebook also rose in price, supporting the stock indices.
The S&P 500 index approached the maximum annual and historical values exceeding the level of 2,800.
After the OPEC report and the publication of production volumes in Saudi Arabia, oil prices continue to decline and have now approached two-month minimums; the price of WTI oil fell below $70 per barrel.
