Markets were left disappointed at the tangible results of the Sino/US Summit, with global equities tumbling off record highs, while bond yields and oil prices spiked. Trump left China with a warning from President Xi regarding Taiwan, which could be a point of conflict and destroy all their good intentions. China will now meet with their strongest ally, Russia and President Putin, in another summit in China. The US Dollar rallied higher, with the EUR falling to 1.1600, while the GBP crashed to 1.3300.The big move up in the reserve hammered commodity currencies, with the NZD plunging below 0.5850, while the AUD retreated to 0.7150. This coming week will look closely at growth and inflation in Europe, while Geo-Politics are set to dominate markets once again.
