*Prior commentary is available upon request*
Macroeconomic Market Report
European markets have improved in accordance with U.S. markets since late December.
The possibility of a U.S. trade deal with China has helped lift shares.
Trump extended the deadline for tariffs that were originally scheduled to be put in place on the first of March.
Trade tensions between the U.S. and China seem to be cooling as both sides have a lot to gain in the event of a deal being made.
China has shown signs of an economic slowdown which will put pressure on President Xi Jinping to cut a deal with Trump.
In the last week of February crude oil inventories in the U.S. decreased by 8.6 million barrels to 445.9 million.
This bullish report has contributed to the upward trend in the price of WTI crude.
The United States is continuing their reign as the leader in global oil production.
Energy companies’ shares have been improving in accordance with the price of WTI crude oil.Political & Trade Uncertainty