Decision on tariffs improves market moods

5:14 PM May 15, 2019

Equity indices recover for the second day this Wednesday despite weak macroeconomic data. Moods were greatly improved after the news that Donald Trump will delay a decision on car tariffs for 6 months. This has especially positive impact on European markets where DE30 surges by more than 1% and EU50 adds 0.8%. In the US, USFANG gains 1.3%. The news is positive but it also may mean that president Trump expects a lengthy conflict with China.  

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