August 24, 2018 - The Bell Is About To Ring

August 24, 2018 - The Bell is about to Ring

1)    Jackson Hole – Bankers Meet

An important day in the ongoing Jackson Hole – Bankers meet as Fed Chair Powell is scheduled to speak today during the Bankers conference. It’s just a week passed after Presidents Trumps comments that he was not happy with the raising of Interest rates by the Central bank and was of the view that Central bank is expected to do more to help the US economy.

Fed Chief Powell speech is one of the key happenings investors world over would want to keep a watch on.

2)    TECHNOLOGY BIG WIGS SUMMIT

Another important summit in San Francisco, wherein top tech executive’s meet and discuss security concerns before the forthcoming 2018 US elections.

It is known that Facebook’s, Head of Cybersecurity policies have invited top notches from Google & Microsoft among other to have a detailed discussion and assumedly a plan of action around any or all possible security measures.

A note detailed in the American Journal of Public Health on Thursday suggests Russia's online meddling went beyond the 2016 US presidential election and into public health.

3)    Insight on ongoing US-China Trade Wars

Looks like not much positive outcome to see after the US-China Officials met pertaining to the ongoing trade war between the two of the largest economies existing globally.

In the wake of the latest Trump administration laden tariffs on China that kicked off after midnight of Thursday. The United States imposed 25% tariffs on another $16 Billion of Chinese goods, the tax affects 279 Chinese products, including chemical products and motorcycles. This saw an immediate retaliation from China as well, they responded immediately with 25% tariffs on an equal amount of American goods, such as chemical products and diesel fuel.

Both China and the United States have now imposed tariffs on $50 Billion of each other's goods. The Trump administration launched the said tariffs claiming it’s an effort to punish China for what it says are unfair trade practices.

A warning from The US Federal Reserve this week mentions that this could well be a beginning of a "major escalation" of trade disputes and could result in an increase in American inflation eventually could cause businesses go slow on further investments.

4)    MARKETS AS OF NOW:

DOW Futures	Nasdaq100 Futures	S&P Futures
25725.00	7445.00	2863.75
+54 / +0.21%	+20.75 / +0.28%	+5.75 / +0.20%

China - Shanghai	UK – FTSE100	GERMANY - DAX
2729.43	7580.88	12381.90
+4.81 / +0.18%	+18.53 / +0.24%	+15.82 / +0.13%

Disclaimer:

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