TOKYO - Global stocks extended already substantial losses on Tuesday, after Washington tagged China a currency manipulator, shaking fragile investor sentiment in a rapid escalation of the U.S.-China trade war.
Safe-haven assets, including bonds and some currencies such as the yen and Swiss franc, benefited as investors scurried to avoid risk. U.S. Treasury Secretary Steven Mnuchin said on Monday the government had determined that China is manipulating its currency, and that Washington would engage the International Monetary Fund to eliminate unfair competition from Beijing.
“The markets are now scrambling to factor in the possibility of the United States imposing not only an additional 10% of tariffs on Chinese imports, but the figure being raised to 25%. This is likely to be a protracted trade war without a quick resolution.”
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From now on it's fighting to the bitter end, which is expected to boost Trump's re-election.
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Global Stocks Fall Sharply as U.S.-China Spat Over Yuan Escalates Trade WarStocks and government bond yields fell on fears that fresh trade tensions between the world’s two biggest economies could dent economic growth. 🙃🙃🙃 Trump, the Bankruptcy Expert is right on target to bankrupt the USA.
مصدر: WSJ - 🏆 98. / 63 اقرأ أكثر »
It's not just the trade war – these global fears could put stocks through the wringerThe U.S.-China trade war is spooking Wall Street, but Phil Orlando of Federated Investors says that's not the only hurdle ahead. I’m just asking for one more week of wringer please What Global Fears? The EU still has its head in the sand. If they loosen Monetary Policy, the bogyman will stay the closet. Peace at any price, pays no dividend. Buy TVIX as a hedge on the down.....
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »
European stocks seen lower amid rising trade war fearsEuropean stocks are seen slightly lower on Tuesday as markets look set to continue a three-day sell-off, after China's offshore yuan hit a record low and the U.S. branded Beijing a 'currency manipulator'.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »
U.S. labels China a 'currency manipulator' as stocks fall and trade war worsensChina allowed its currency to weaken and said it was halting new American farm purchases, sending U.S. stocks in a tailspin and heightening risks of a global economic downturn. Looks as if this bromance just went full stop. The President is in way over his head. Putting the best interests of the country first, the smart thing for Trump to do is to call Biden to the White House for advice and guidance. Nobody knows the China relations, history and sensitivities better than he does. Place all currencies on gold (or fixed standard) currency.
مصدر: latimes - 🏆 11. / 82 اقرأ أكثر »