Trade week began with the signed trade war of USA and China and arrest of Carles Puigdemont in Germany.
Trump made the first move towards trade war with China.
A memorandum for taxing wares from China was signed by Donald Trump in the end of last week. Full swing of the taxation will be reaching 60 billion dollars.
Although the presidential memorandum will gain its power after approval of state consultants. They will advise law makers and lobbyists to shorten the list from 1300 names which are now under tariffs.
Trump said that the talks of tariffs have been going on for a long time and that Washington and Beijing have been discussing the issue of trade balance, which foe now adds up to 375 billion dollars, for months.
Carles Puigdemont detained in Germany.
Ex-leader of Catalonia Carles Puigdemont has been arrested in Germany on accord of European warrant. According to Puigdemont’s lawyer ex-leader was going to Belgium from Denmark.
Rebellion and sedition – such are the accusations of Carles Puigdemont in Spain after Catalonia decided to separate from Spain in regional referendum. Of course, the decision was never carried out, but the vote itself was enough for the Spanish authorities to issue a warrant for Catalan leader.
Carles Puigdemont has been living in self-imposed exile in Belgium as he can face up to 30 years in prison.
NATO and EU are going to exile Russian diplomats.
After poisoning of Russian spy in London and England sending Russian diplomats out of the country other countries began thinking about doing just the same.
70 Wester security experts have called countries members of NATO and EU to follow England’s example and send out Russian diplomats to shown Putin’s regime teeth. It was said that Vladimir Putin’s policies are not acceptable in post-Cold War world. Arms race is long over but it seems that it was never finished for the Russian government.
"We call upon NATO and EU allies to join our British friends and expel contingents of Russian intelligence officers from their soil. [] We believe that it is high time for Western governments to start taking seriously the threat posed by Russia and respond to the Kremlin’s increasingly audacious aggression with resolute diplomatic and counter-intelligence measures.” the experts wrote.
Stocks, currencies and crude overview.
Markets are trying to recover after last-weeks sell off.
Stoxx Europe 600 rose 0.2 percent.
MSCI Asia Pacific went up 0.2 percent, which is the best performance for the index in 2 weeks.
Futures on S&P 500 gained 1 percent – also the largest jump in 2 weeks.
Dollar is 0.1 percent weaker just like other currencies. For example, yen, which dipped 0.3 percent – 105.03 yen per dollar.
Euro is 0.1 higher - $1.2365.
Gold lost 0.2 percent. The price today is $1334.64 per ounce.
