The Asian stock markets started this superweek with causious actions. The stock markets were slightly up and for example the Hang Seng index was up 0,3 % in Hong Kong, Shanghai Composite 0,1 % and Nikkei 0,35% in Tokyo. The yen was trading at 108,63 dollars and euro 1,1054 dollars.
This week will be a superweek due to several central banks rate decisions, UK´s Brexit vote and for example the trading start of the Saudi Aramco oil company.
According to the morning Financial Times, China has ordered all government offices and public institutions to remove foreign computers and software within three years. According to the news the aim of the directive is to switch to domestic technology vendors and increase the domestic home-made technologies in the markets.
In the trade policies this is seen as an action against the US Administration to ban the US companies to deal with Chinese telecom company Huawei.
The US and China are expected to reach a Phase 1 trade deal by the end of this year. On the other hand the US new tariffs in the China trade will come into force on Sunday, the 15th December, if no new deal is reached. The recent exports/imports data between the countries show that the trade has been slowing in China exports in November.