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Trump Signs Hong Kong Bill, Canadian GDP In The Spotlight


Donald Trump had signed the so-called Hong Kong Human Rights and Democracy Act, which is not going well with China. Canadian GDP figures are in the spotlight, together with the Swedish ones.

China Is Not Happy With The US Again

Today, the US market resumes its trading, after a Thanksgiving-break yesterday. But the US market will have an early start to the weekend, as the closing bell will ring at 13:00 US Eastern Time. Up until today, we saw the US equity market hitting a new high every single day this week, excluding yesterday, of course. All this was thanks to positive headlines that were coming out in relation to the ongoing China-US trade war. The reports that the so-called “phase one” agreement could be signed soon kept the market participants on the positive side, which helped push the stock market higher. But traders are in anticipation to see how Friday’s trading will go through and if China will respond to the fact that Donald Trump signed the new ratification of the Hong Kong Human Rights and Democracy Act yesterday. This looked like it may pass unnoticed, as the US markets were closed. But as we know, the US democratic and republican lawmakers passed the bill, which supports Hong Kong’s pro-democracy protesters. This bill allows the...

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Source: https://www.jfdbank.com/en/research/trump-signs-hong-kong-bill-canadian-gdp-in-the-spotlight-20191129
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