Global trade is again top of capital markets agenda, as dealers and investors are now officially worried about the intensifying confrontation between the U.S and China. Global equities are trading under pressure over the escalating protectionist standoff between the two largest economies, along with crude oil prices ahead of this week significant OPEC meeting (June 22). The U.S dollar remains supported while U.S Treasuries are steady. President Trump approved tariffs of +25% on about +$50B of Chinese goods on Friday, prompting Chinese officials to hit back by announcing the country would levy penalties of the same ... (full story)