Weekly financial and economic review
Human beings are strange creatures, and as such we like to hear and see selectively. Something similar we observed in the last trading session of the capital markets last week.
On Friday, the official start of the trade war between China and the United States was given, with the release of USD 34 billion in goods. It’s hard to tell who started it first. The U.S. has long threatened the Chinese with the myths in question and announced a date for their launch. China, for its part, took advantage of the time gap and introduced them on the same date, only before American ones.
Regardless of the risk to global economic growth from protectionism, which seemed to conquer the world, investors concentrated on data from the US economy alone and alone.
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