India’s Monetary Policy Committee on Friday cut interest rates for the fifth time this year to support growth at a time the central bank believes the near-term outlook for the economy is “fraught with risks”.
S&P500 continues to trade lower and lost more than 1%.In this month the index declines more than 6.5% on account of renewed trade war.US President Trump said that US will impose 5% on Mexican imports from Jun 10th 2019 and to put additional tariff of 25% if Mexico does not “reduce or eliminate number of illegal aliens”.
Dow Jones Trading Tips & Forecast – Below 25500 Big Downside – Neal Bhai Reports
DOW JONES, DAX 30 AND NIKKEI 225 FUNDAMENTAL FORECAST
In a series of Tweets last Sunday, President Trump called into question the likelihood of a US-China trade deal – sending global equities tumbling as risk aversion spiked. With the benefit of hindsight, we now know such a deal was not made, and US tariffs on $200 billion in Chinese goods jumped to 25% from 10%. The increase will likely see trade wars pose a considerable headwind to future equity strength until an agreement is made.
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