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Business / Finance

Overview: epic with Huawei continues to pressure global markets

Forex Club 20.05.2019 at 15:09

On the global financial markets on Monday may 20, remained negative dynamics of stock indices.

investors fear the negative development of the situation around Huawei. After U.S. threats to introduce this Chinese company in the black list, Google stopped doing business with her. This will close access to Huawei hardware and software products, with the exception of those that fall under the license of open source.

in addition, for Huawei may close access to the chip makers: Intel, Qualcomm, Broadcom, and Xilinx. China may raise tariffs on Apple products, which will raise prices.

US stocks in early us trade on this background is reduced by about 0.3-1.2%. The decline of the Dow Jones Industrial Average allowed one of the traders Forex Club earn more than 6.5 thousand dollars on short positions on this instrument.

Western European stock indices on Monday night were down 0.5-1,5% from the start of trading.

the Regional markets recoup "their" shopping experiences. German Infineon interrupted supply of electronic instruments and components for Chinese Huawei.

the Euro against the dollar in the evening remains stable above the level of 1,115. To 17.55 MSK Euro rose relative to the previous fixing by 0.01% and amounted to 1,1167 dollar.

Market, USA, dollar, oil, ruble, Forex club

Not found economic events 2019-05-20 for 2019-05-20

pop up blocker author: vadim.kovalenko