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Research Perspective Vol.84

Although the trade war between China and U.S. seemed to ease earlier this month, the additional $200 billions in tariffs affected adversely investors’ sentiment. And the trade war expands to other countries and regions such as Mexico, Canada and the European Union, adding volatility to the markets. Energy, media and retail sectors were volatile the second half of June due to events such as OPEC’s lower than expected increase in oil production announcement, Disney’s offer for 21st Century’s assets and the Supreme Court’s ruling for online sales taxation. In Europe, Greece has reached an agreement with its eurozone creditors boosting...