sian markets fared well before Powell spoke in full anticipation of a loosening rate hike schedule in US.
Having said that uncertainties remained, it is realistic to expect US & China trade disputes would not be solved entirely when Trump and Xi meet at the sideline of G20.
And across the Atlantic, major problems remained unresolved. Brexit would likely to announce punitive measures to discipline Italy’s deficit budget, and Teresa May likely to fail to convince her parliamentary colleagues to toe in line with her Brexit plan.
On the other hand, oil future remains a major headache for many investors, and we have witnessed a major and sudden correction within a short space of 2 months, oil market turned from bull to bear.
So what went wrong? How was it impacting on global stock markets? And what’s the likely future of oil prices in the near and medium term
Our guest, independent economic analyst and strategist, Dr Po Man Chan, will shed us some light on this issue today.
