Summary:
- Stocks move higher all around the world in response to the US-Mexico truce
- Safe haven assets pull back amid increased risk appetite
- Deadline to enter Conservative leadership race ends today
- USD outperforms other G10 currencies
- Technical overview: GBPUSD
At the end of the past week investors were concerned about the possibility of US tariffs imposed on Mexico, however, the issue was resolved yet before New York investors headed for the weekend. On late Friday US President Donald Trump sent a tweet where he wrote that both countries reached an agreement. Trump added “The tariffs scheduled to be implemented by the US on Monday, against Mexico, are hereby indefinitely suspended.”
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appData regarding industrial production in Italy and the UK for April came in far below expectations, defying market observers’ anticipation of a recovery. Looking at the details one may notice that declines in April were widespread and affected almost all industries except food and tobacco, coke and refined oil, pharmaceutical and computer and electronic.
Insys Therapeutics, the US manufacturer behind Subsys opioid drug, has filed for Chapter 11 bankruptcy protection today. The company and its fentanyl-based drug are said to be one of the causes of the ongoing US opioid crisis. A key point to note is that Insys is the first drugmaker to collapse under accusations of being responsible for the opioid crisis.
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
