Shares got to new high today because of positive signs that USA and China reach a deal to end 18-month trade war. Everybody expects ending the war, but first must cancel tariffs on Chinese goods imposed from 15.12.2019.
There are still not clear publishing from any sides, but market obviously expects the best scenario. Does somebody know what news do not know or is it excessively positive mood without any fundamental behind?
Nobody knows, but markets MSCI world, Eurostoxx 600 are raising. American market is not opened, but it looks that it will follow the trend.
Consensus is assuming that there will be a cyclical upturn without looking at risks.
The post New peak is here appeared first on Gulfbrokers.
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