Tag Archives: US Trade

July Market Commentary

macro close up of different color oil paint. colourful acrylic. modern art concept

Let us invite you to travel back in time to June 2016, to the day after the Brexit referendum. Meanwhile, across the Atlantic, campaigning in the US Presidential election is in full swing.

You are offered two glimpses into the future. The first is that two years on, the UK has apparently made no real progress in the Brexit negotiations. The second is that Donald Trump has been elected President and has had a successful meeting with Kim Jong-un. You would have dismissed both of them as ridiculous and yet that is exactly what June brought us, as Theresa May called yet another Brexit crisis meeting and President Trump met the leader of North Korea in Singapore.

…And then the President went on to announce a raft of tariffs on imported goods – from both China and Europe – which may well see the threatened global trade war develop. Both China and the EU were swift to announce retaliatory tariffs, and (unsurprisingly) June was a month in which none of the major stock markets we cover managed to gain any ground. Continue reading

North Korea

The tensions between North Korea and the rest of the world continue to escalate, with Pyongyang conducting its most powerful nuclear test yet over the first weekend in September and – at the time of writing – apparently readying another missile firing. In recent weeks, North Korea has threatened the US territory of Guam and fired a rocket over Japan’s Hokkaido Island (roughly 800 miles north of Tokyo). Continue reading