World stock markets are at record highs, particularly in the US, boosted by the promises of a heavy investment drive made by President Trump. But the fundamentals don’t support the markets’s strong performance, which is causing some concern.
World stock markets
World stock markets’ current weakness reflects concerns about a serious downturn in China’s economy. The fall in global oil prices is the result of the decline in Chinese demand. The doubt is whether this fall will be a soft one or whether the government will lose control and will be unable to avoid a severe financial crisis