Special report
Between weak economic data in the euro area and the adoption of a cautious monetary policy, investors are trying to determine the direction of global markets this week.
No to change interest rates
Contrary to previous expectations for an increase in interest rates twice this year, the Federal Reserve decided to fix interest rates, ruling out a decision to increase during 2019.
This prudent policy seems to align with President Donald Trump's economic blueprint by making the dollar weak so that the American product can regain market power and be competitive again.
These matters may be reflected in the economic indicators that the United States is watching, the most important of which is the gross domestic product, the consumer confidence index, new and pending home sales, and letters to members of the Federal Open Market Committee.
Weigh the China-US Agreement
Investors were optimistic about Trump's comments about concluding a final agreement with China and making progress in trade negotiations, pointing out that keeping fees on Chinese imports for some time does not mean that negotiations are in trouble.
The coming days will witness American officials heading to Beijing, with the possibility of a summit between the American and Chinese presidents to conclude a final agreement, in light of fears that China rejects some commercial demands during the talks.
In addition, it appears that Trump is determined to impose fees on imports of European cars, while China has imposed anti-dumping measures on several steel products imported from the European Union, Japan, South Korea and Indonesia.
The protectionist trade policies of China and America may negatively affect the performance of the markets this week.
Brexit to a new extension
Tension returned to surround Britain's secession from the European Union, as the Union agreed to ...
