The weekend news about the US could impose import tariffs of 30% to the EU and Mexico have not moved the markets too much. Futures of shares in the US and Germany have been marked down 0.4% and 0.6% respectively, while the dollar is slightly stronger. The movements have not been greater since investors see these threats as a Washington negotiation tactic to push the other party towards an agreement. Better agreements that are specified before the deadline of August 1 and the markets will not see a repetition of the market shock in early April in response to the tariffs of the day of liberation, says Chris Turner, an analyst of Currency of ING.
The US sanctions are loom over Russia
“The most interesting thing today from the White House could be the news of new sanctions to Russia. Clearly, the president of the United States, Donald Trump, is losing patience with the Russian president, Vladimir Putin, and the decision to send patriot missile defense systems to Ukraine reflects a change in the thought of the White House. In terms of sanctions, you have to be attentive to the announcement of secondary sanctions to those countries They buy Russian oil. and Asia. “
“Far from commerce and geopolitics, it is also an important week for the macro. Tomorrow will be published the figure of the US IPC to eliminate the 17 basic relaxation points that have been incorporated for the FOMC meeting of September 17 and be slightly positive for the dollar. “
“The DXY could recover to fill a vacuum up to 98.35, if today’s news about Russia move energy prices.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
