Last week concerns about the trade war between the US and the rest of the world grew and the stock markets reacted to every piece of news that emerged from both sides. But on Friday “job report” from the US was released and that stabilized the situation as the government of the USA took a step back.
After Trump’s declaration of new tax laws Asian markets are rallying although fears of a trade war are still in the air.
After the resignation of White House economic adviser Gary Cohn, American stock futures decided to take a rest and also take down Asian equities with them. Although Asian markets were looking very confident yesterday, today they went lower again.
An uncertain situation at the markets can be seen this morning. Asian markets are sliding down as the fears of influential changes from American policy is going out in the economic world. Euro is also down after the results of the Italian elections came in – they suggest uncertainty for the political future of the country.