June 2019 Summary May proved to be a frustrating month for equity markets as US-China trade talks stalled due to a disagreement over intellectual property. In addition, there has been much controversy in relation to the Chinese smartphone maker Huawei, with accusations of spying and claims that they are a national security threat to the US. This has amplified the trade tensions which could lead to a protracted trade war stalemate. In Europe, we saw an election where the popul