Investor risk appetite continues to look shaky in the face of ongoing drama around trade wars. The U.S. moved to a 104% levy on China, and China’s aggressive retaliation has escalated the crisis in an unsettling way.
Flight-to-safety flow is being re-examined. We’re seeing less interest in the U.S. dollar, with the market opting to move to alternative major currencies for safety.
Meanwhile, all of this turmoil has opened the potential for growth downgrades and rate cuts. Of course, investors will be hoping rate cuts are forthcoming should we see a further intensification of stress.
Looking ahead, we get some ECB speak, Fed speak, and the Fed minutes later in the day.
For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox.
