Hi, its' OXINION. Today China has announced that its imposing new tariffs on 128 US products. and the US market might open lower on Monday Morning
No matter what others say, tech is the hottest sector, especially, FANG! There’s not only Trump’s Legal sanctions but also EU will bring up a new law related to big tech companies. on May 25th, a new called General Data Protection Regulation, will be executed and it will make the users control their own data and charge tax to corporations up to 4 percentage of total global turnover.
ISM Manufacturing index needs to eye on it because it gives overall of early 6month to emerging market.
OK, so let’s have a look. this is OXINION weekly plan
Monday
most of EU market will be closed as its Easter Monday.
Tuesday
Cloudera, Inc. which operates a data management, machine learning, and analytics software platform in the United State will announce their earning
Wednesday
Also, we need to check Carmax and Lennar earnings as they are one of the largest used car dealer and home builders in the United States. Also, see the impact of rising interest rate
Thursday
As the tension between US and China is going on, we will have to listen carefully what they speak from their earnings conference call. and see which countries want to retaliate against the US import/export items.
Friday
Fed Chair Jerome Powell will mention about the federal funds rate and interest rates
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*** this opinion can be changed. Decision making is 100% your responsibility.