What is new in the markets March 29
US GDP growth slowed down
Yesterday a report on US GDP growth was released, which demonstrated a slowdown in the economy and the growth was only 2.2% against 2.4% of the forecasted. The Donald Trump administration said it was ready to negotiate with China over a long period in order to make the Chinese market more open, as well as to respect intellectual property rights. Negotiations began yesterday in Beijing, and their next round will continue today. Next week, we expect to arrive in Washington Chinese Prime Minister Liu Hye Who will meet with sales representatives and Donald Trump.
Next week, we expect Chinese bonds to be included in reference global indices for the first time, which will make the Chinese market even more open to foreign investment and borrowing.
After yesterday's recession, oil quotes today began to recover and scored more than 1% each against the background of the completion of Iran’s temporary exclusion from US sanctions.