Weekly financial analysis
Markets last week have been subject to government crises in southern Europe and everything related to trade wars. As June 1st approached, the date during which customs duties on steel and aluminum in Europe became reality, investors became increasingly pessimistic. Nervousness had taken over the markets almost all week, but over the last working day good macroeconomic data from the US and the fact that in Italy and Spain there will be governments brought the indices into positive territory.
Strong data on newly opened jobs in May in the United States opened investors. Unemployment is down to 3.8% and the increase in pay is above 2.5%. Regardless of the good news, concerns about the responses of the parties concerned from the introduction of customs duties remain.
Are there winners from a global trade war and President Trump is the only one responsible?!
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