Markets Ignore US Tariff Threats
Sentiments on the markets are improving, as investors shrug off the threat of new Chinese tariffs by the US. Yesterday, US President Donald Trump expressed his intention to impose duties on all imports from China, if the meeting with Xi Jinping does not bring results (the meeting of the leaders of the United States and China should be held on November 29 at the G20 summit in Argentina).
Markets took these comments negatively, but later Trump announced that a major trade deal with China would still be concluded. As a result, Asian stock indices rose by more than 1% by the end of the session, while the Japanese yen and gold prices were under pressure. This trend is likely to continue throughout European and American trading.
Gold prices fell by 0.25% today, as risk appetite gradually improves. Oil also falls, showing a 15% drop this month.