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Trade war fears were responsible for yet another losing session on the Dow overnight, much as they were responsible for losses around the globe. Yet for the Dow, this marked its eighth consecutive loss and whilst the losses themselves haven’t actually been that large, totalling around 3.5%, it’s the consistency of the losses which is slightly more alarming. The last time the Dow experienced a longer bear run was some 34 years ago, highlighting the usual nature of the market movement that we are seeing. Following the
Keeping trade wars firmly in the limelight, the EU is set to implement its trade retaliation tomorrow with the start of levies on €2.8 billion worth of US imports, which Trump is unlikely to accept lying down. At the
PMIs Draw Attention Back to Calendar
Dollar weakness as trade war fears persisted enable the euro to rebound in the previous session, picking itself up from one-year lows. However, the rally has stalled around $1.16 as investors look ahead to PMI data this morning. Eurozone growth continues to experience a slowdown in momentum. Eurozone
Given that the US PMI’s have recently
Oil 1% Higher Heading Ahead of OPEC Meeting
Oil was trading 1% higher as investors looked ahead to the start of the OPEC plus meeting in Vienna. Expectations across the week have been that
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