There was little movement on the German stock market yesterday. It seems traders are waiting for something more significant.
Both the US and China put into force mutual punitive tariffs. The first direct trade talks between the US and China since the beginning of June have not brought any breakthrough in the escalating conflict.
The talks lasted two days. According to the presidential spokeswoman, middle-level representatives participated for the US. They would now inform their authorities about the course. China’s delegation was headed by Vice Trade Minister Wang Shouwen. As the talks unfolded, the world’s two largest economies had imposed new import duties of 25 percent each, worth $ 16 billion each. With this new level of escalation, duties on goods from both sides worth $ 50 billion are now due. Further duties are also in preparation.
US President Donald Trump accuses China of unfair trading practices and theft of intellectual property. He has threatened to impose taxes on virtually all Chinese imports to the United States amounting to more than $ 500 billion. To this extent, the People’s Republic does not import goods from the US, so observers believe that other forms of retaliation are possible. For example, the government in Beijing may be tying US companies in China more hard or further devalue the yuan to strengthen domestic exporters.
President of the US Federal Reserve, Jerome Powell, will speak
24-08-2018 Dax Video
24-08-2018 Dax Levels
| KEY LEVELS (MINI DAX) | |
| POC * | 12365 |
| Value Area High | 12389 |
| Value Area Low | 12362 |
| VWAP | 12376 |
| R2 | 12434 |
| S2 | 12310 |
| Pivot | 12372 |
| Camarilla Breakout (Bull) | 12396 |
| Camarilla Breakout (Bear) | 12328 |
