No “the best offers” after waving on the deadline for the tariff

A look next to the next day in the European and global market

Today is the deadline for commercial partners in the United States to present a “best offer” to avoid punishing import tax rates, on the same day that American duties are made on the imported steel and aluminum, and investors are more distributed than usual.

So far, Britain has entered into an initial trade agreement with the United States during the 90 -day Trump stoppage period on a wide range of definitions. This pause is scheduled to end in about five weeks, and investors were concerned about the lack of progress in retail deals.

In addition to concern, Japanese Prime Minister Yoshimasa Hayaishi said that Tokyo had not received a letter from Washington asking for her proposals on commercial talks.

The tariffs related to the threat of Trump this year have investors fleeing American assets and searching for safe havens and alternatives, including gold. They expect commercial uncertainty to affect the global economy.

The main question in the financial markets was where the money that usually flows to American assets ends. For years, money managers adopted the deadly assumption that “there are no minerals” (Tina … yes, the markets love shortcuts) but perhaps there are options now.

While Maneshi Richudore, founder and CEO of Emmer Capital Partners Ltd: While Europe may be the clear destination, relative value measures may prefer emerging Asia.

The data so far does not give a full picture. But what it shows is that investors reduce their exposure to American assets, and will determine the only time for the place that ends up.

Asian markets rose on Wednesday, as they were strengthened by technology shares as traders hope that the deal could still be possible if US President Donald Trump and Chinese leader Xi Jinping are talking this week.

The lights in Asia were also on the origins of South Korea. Seoul’s share index in Seoul has increased to a 10 -month summit, and the victory of the elections in the liberal presidential elections Lee Jay Meong raised expectations for rapid economic stimulation and market reforms.

European future contracts indicate a slightly higher opening before a series of manufacturing data from the region, and since the European Central Bank begins its political meeting.

The European Central Bank certainly reduces prices on Thursday and staying in the mitigation cycle as a silent wage growth, strong euros growth and light economic growth, all of which indicate reduced inflation. On Tuesday, the data showed the euro zone in May less than the European Central Bank’s goal of 2 %.

The main developments that can affect the markets on Wednesday: