Posted by Kristina Hooper, Chief Global Market Strategist on June 10, 2019, in Market & Economic
Weekly Market Compass: US cancels its tariffs on Mexico, China warns against traveling to the US, and central banks appear more open to accommodation
A collective sigh of relief was expelled on Friday evening as US President Donald Trump announced he would indefinitely suspend the planned imposition of tariffs on Mexico - which was set to go into effect on June 10. Markets have entered "risk-on" mode, given that the crisis was averted. However, we need to recognize that