Daily Market Report (1 July 2019)
- The simmering trade war between the US and China may have seen to be off the boil at least for now. Though nothing concrete has been laid on the plate, many observers expect that both parties will resist in making anymore irrational moves on tariffs.
- Therefore we believe investors are now less jittery and may be pouring funds back into equities. Meanwhile, Saudi Arabia and Russia agreed to cut oil production which should be positive to crude prices as the Brent jumped by US$1.20 to close at almost US$66/barrel.