July 12, 2018
Major U.S. indices rebounded during the Asian session on the news that U.S. and China have held multiple discussions. Officials declared that the Trump administration is open for further discussions.
July 11, 2018
Major US indices fell as the US administration announced that $200 billion of Chinese goods are going to be affected with 10% tariffs. China's ministry of commerce said that the US actions are shocking and totally unacceptable, and China will retaliate using its own countermeasures.
July 10, 2018
US indices rose for the third consecutive day as traders continue to digest the economic data from the United States. The data suggests that the economy is still in its expansionary face and outperforming other major economies.
July 9, 2018
US indices rose on Friday to end the week on a higher note after US jobs data. The strong performance of the US indices continued during the Asian session where the Dow Jones Industrial Average climbed to a two-week high of 24611.
July 6, 2018
The United States fired the first shots to start the trade war between the world’s two biggest economies. Tariffs on $34 billion worth of Chinese imports took effect today.