China’s slowdown has increased amid the US-China trade war. Some of the recent economic indicators suggest that the Chinese economy might be bottoming out.
The USMCA (United States–Mexico–Canada Agreement) was signed last year. However, only Mexico has ratified the agreement so far.
For a long time, US steel producers blamed Chinese steel exports for depressing prices. However, Chinese exports have fallen sharply this year.
Today, China released its November trade data. The data has assumed even greater significance amid the US-China trade war and China’s slowdown concerns.
The Dow Jones Index (DIA) fell 0.6% last week but is still trading near its all-time highs. This week, we have several potentially market-moving events.
President Trump often touts a strong US economy. He sees it as a result of his administration’s policies. However, observers are forecasting a recession.
Phase one trade deal continues to look uncertain. With better-than-expected jobs report, Dow Jones recovered later in the week.
Today, the Bureau of Labor Statistics reported a rise of 266,000 in non-farm employment data for November, which lifted the equity market.
On Wednesday, Donald Trump tweeted that “the Democrats should apologize to the American people” for initiating the impeachment inquiry against him.