A painful lesson for retail investors
The outrage against the Bank of China has been a trending topic on social media this week, as thousands of retail investors saw their life savings vanquished in betting on the oil market via the bank’s wealth management products.
This is when the world realizes what’s really happening
German Dax up 0.5%
- German DAX up 0.5% . The low reached -0.42%
- France’s CAC up 0.2%. The low reach -0.80%
- UK’s FTSE 100 up 0.8%. The low reached -0.35%
- Spain’s Ibex up 0.3%. The low reached -1.56%
- Italy’s FTSE MIB up 0.7%. The low reached +0.06%
- spot gold up $10.28 or 0.60% at $1727.37
- WTI crude oil futures are trading up $0.22 or 1.11% at $20.10
The promise is going to be tough to deliver
I’m told that there is no finalized economic plan inside the White House now. As of last night, I was told: “it’s not there right now.” A lot of details to work out.
What’s urgently needed is something on paid sick leave to slow this down, rather than planning for economic impacts. Putting in a tax cut and politiking is going to drag it out and eventually cost more.
Good day, everyone! Hope you’re all doing well as we look to get things going in the session ahead. It’s been a tug of war in the battle of risk since trading yesterday as markets are once again now appearing to shrug off fears concerning the coronavirus outbreak.
Comments after visiting Wuhan
OK, probably rather than maybe but hey, we’ve been hoodwinked on this trade deal business over and over again.
- A Chinese trade delegation is heading to Washington for a January 15 signing
- plan is to sign the first phase of the trade deal with the US
- Vice Premier Liu He will lead the delegation
- Will arrive in Washington on the 13th (thankfully that’s not a Friday, eh?)