On this week’s Recap. New Highs this past Tuesday and Wednesday with a resilient stats for the economy, thanks to the investor optimism during the resolutions of the US/China trade war. Trump supports the Hong Kong protestors, this might complicate the trade talks. Dollar went up significantly. There’s a structural change for China as many companies decided to move their production lines to Vietnam.
DAO up to 0.63%, SMP500 up 1%, NASDAQ 1,70% World stocks hit a high in nearly two years the past week. A CEO from a Crypto Chinese “company” banished, leaving their crypto dealers deposits and withdraws to a halt. Oil prices are predicted to remain lower during 2020. US became a net crude producer exporter for the first time in 70 years.
India’s GDP remains the lowest for a 6th consecutive quarter. Schwab to buy TD Ameritrade for $26.000 Millions, the deal is expected to be closed the second half of 2020, creating a giant of wealth management and industry consolidation.
Amazon formally lost a lawsuit against the US Military for choosing Microsoft for a $10.000 Million computing cloud contract called JEDI. Germany to create a committee to prevent foreign companies from taking over their own manufacturing base. London bridge tragedy. Christine Lagarde, President of the European Central Bank supports climate change awareness. Listen the Podcast to learn more and stay tuned for next week’s Recap.