Market optimism faded quickly yesterday
The long-awaited trade deal between the EU and the US only provided a temporary boost to the markets, with concerns swiftly being voiced in Europe. Many described the agreement as one-sided, favouring US interests. Following the announcement, the US dollar strengthened while the price of gold plummeted to a three-week low. Meanwhile, oil prices rose, driven by the trade deal and President Trump’s renewed pressure on Russia. Attention now turns to US monetary policy, with the Federal Open Market Committee commencing its two-day meeting today. Joining us on the show to discuss the implications of last week's European Central Bank decision and provide insight into this week's rate decision in the US is our Chief Economist, David Kohl.(00:00) - Introduction: Bernadette Anderko, Investment Writing (00:31) - Markets wrap-up: Lucija Caculovic, Investment Writing (06:12) - Central Banks and Trade Deals: David Kohl, Chief Economist (12:26) - Closing remarks: Bernadette Anderko, Investment Writing Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.