Morning bid-Markets strap in for a bumpy ride

Category: Finance

Investors face a turbulent week marked by a tech selloff due to Sino-U.S. trade tensions and uncertainty surrounding U.S. politics. The attempted assassination of Donald Trump has heightened market fears, reflected in a spike in the VIX index. Asian shares struggle as technology stocks decline, and TSMC faces its worst weekly decline amid concerns over U.S. chip policies. The dollar gains safe haven support, while central banks signal potential rate cuts. UK retail sales are expected to be weak due to adverse weather, and China's economic goals reveal contradictions that may complicate policy implementation.

Keywords: Market Turmoil, Tech Selloff, Sino-U.S. Trade Tensions

Source: marketscreener.com

Update At: 7/19/2024

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