For the third consecutive day, futures for US stock indexes openes with a hard landing (-1% now). During the previous two days, during the exchange session, the indexes updated local minima. And both times the market bought back the decline. Let's see if this will work out for the third time. After all, now Trump's threats are even more impressive - to introduce 25% customs duties on almost all imports from China (add goods for another $ 300 billion). China threatens to introduce countermeasures. Trump blames China for betting on his defeat in the presidential elections planned on November 2020. That is, it seems to take it as a personal insult. Personal motives are always bad in making important government decisions. Copper prices are slightly lower (-1%), while oil prices are neutral. Japanese yen and Australian dollar are also stable. That is, the global risk aversion is not yet visible, and all the negative is concentrated on the stock markets. However, oil is stable because of the threat of Iran to strike at US aircraft carriers.
13 May 2019
For the third consecutive day, futures for US stock indexes openes with a hard landing (-1% now)
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