The election to the EU Parliament has failed and, as expected, the old-established parties of the Conservatives and Social Democrats have lost. The right-wing parties were able to grow, but voters were even more attached to the Greens and Liberals. The far more important decisions will be made in the coming days and weeks. A new Commission President must be appointed, as well as a new President-in-Office and a new ECB chief, all key positions in the EU’s role.
Another big chunk that threatens to collapse on the markets is the US-China trade dispute. Following further punitive tariffs on both sides, President Trump Huawei has now been blacklisted for cooperation, including a ban on cooperating with US corporations Huawei same. Furthermore, the US is convinced that the Chinese network company is spying for the Chinese government. This move has turned a trade dispute into a technology war, putting pressure on technology companies plus attachments worldwide.
It is to be hoped that a solution to the current situation will soon be found, because fundamental as well as economic data would actually indicate a further upswing, were it not for these quarrels.