(10 JULY 2020)DAILY MARKET BRIEF 1:Energy stocks down.

<p>The relation between the US and China is about to get worse after the US imposed sanctions on top Chinese officials for the abuse of human rights in the Xinjiang region. News come about the same time than the political frictions over the Hong Kong’s new national security law. The post-Covid world will perhaps not see a second-phase trade deal between the two countries anytime soon, while even the actual deal is on a shaky ground. Meanwhile, the coronavirus cases and casualties keep on rising in the US, threatening the economic activity and recovery. Even if the Trump administration wouldn’t allow another complete lockdown in the economy, the increasingly cautious behaviour from the population could seriously dent the speed of the post-Covid economic recovery. In this respect, the outdoor dining is reported to have fallen by a jaw-dropping 95% in New York compared to a year earlier, while public transports are only half full. Moving to politics, the pressure on Donald Trump increases as</p>