Weekly Market Update

News this past week

  • UK retail sales remain strong
  • US CPI rises faster than expected
  • Japanese growth returns to positive territory
  • Japanese trade surplus increases
  • Oil posts fresh high in 2016

James Klempster, CFA of Momentum Global Investment Management shares his view:

Last week the US increased its import tariff from 266% to in excess of 500% in an attempt to curb dumping of Chinese-produced steel into the US market.  Dumping is used to describe the practice of countries and/or companies exporting goods at below their cost of production.  This practice is problematic for the importing country because it provides a potential flood of a good at a price that local producers cannot compete with.  Conversely, the consumer may benefit from dumping due to a reduction in input prices.

To read the full update please click here

 

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