NEWS AT 4.30PM – UK AVERAGE EARNINGS – CRITICAL NEWS
We are expecting bullish data today and expect a rally to MA 200. Have your limit orders stand-by and enjoy the trade.
Mark Mobius says U.S.-China trade fight turning ‘more strategic and critical’
It isn’t just the U.S. outlook that is dependent on the consumer right now.
With U.S.-China tensions and other geopolitical uncertainties casting a cloud over global trade growth, emerging-markets pioneer Mark Mobius said it is important to focus on companies in developing countries that are focused on homegrown demand.
“As a result of uncertainty on the trade front, we are focusing more on domestic demand in these countries,” Mobius said, in a phone interview.
That is a continuation of a trend that was in place before U.S.-China trade tensions escalated this spring, said Mobius, 82, who co-founded Mobius Capital Partners last year after a three-decade run at Franklin Templeton Investments. https://www.marketwatch.com/story/mark-mobius-says-domestic-demand-is-key-for-emerging-markets-as-trade-wars-intensify-2019-06-10?siteid=rss&rss=1
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