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Market View

Market Recap – WTO ruling

Monday, September 30, 2019 10:24 AM GMT

With the recent US-Japan trade deal, the possibility of tariffs imposed on the Japanese auto industry decreased. Today’s WTO ruling on the subsidies the French Airbus, could give the USA the right to impose tariffs on $7.5bn worth of European products. The list could include aircraft parts, motorcycles, food, drink, clothes and base metal parts. The WTO ruling on the respective case against Boeing, is expected in nine months.

Traders of the ZuluTrade community have already marked to their October’s agenda:

  • The scheduled increase of the Japanese VAT
  • The 70th anniversary of Peoples Republic of China
  • The EU-Russian summit against terrorism
  • The full employment of the S-400Russian missiles in Turkey
  • The Brexit deadline
  • The end of Mario Draghi's term
  • The Canadian elections

 

Macro releases: The Chinese manufacturing PMI increased to 49.8, just below the 50-threshold that distinguishes expansion from contraction. The focus now turns to the UK’s GDPq/q.  Full economic calendar is here.

Disclaimer

The views expressed do not constitute investment or any other advice /recommendation /suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of ZuluTrade Social Trading Platform and do not constitute an offer or invitation to anyone to invest or trade.

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