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Dollar edges up, Asian stocks slip as U.S.-China tensions flare

  • 📰 Reuters
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

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The dollar inched higher, stock markets struggled for traction and oil fell on Monday as a U.S.-China spat over the origin of the coronavirus put the brakes on optimism about an economic re-start as countries around the world ease restrictions.

FILE PHOTO: A man wearing protective face mask, following an outbreak of the coronavirus disease , walks in front of a stock quotation board outside a brokerage in Tokyo, Japan, March 10, 2020. REUTERS/Stoyan Nenov/File Photo

U.S. President Donald Trump and Secretary of State Mike Pompeo added to worries with fresh efforts to pin blame for the pandemic on China, where the new coronavirus outbreak is believed to have originated. “The United States is not alone in publicly taking aim at China, but whether it’s Trump, Kudlow or Pompeo the narrative is more frequent, and traders are selling yuan,” he said.

China has reported its first quarterly GDP contraction since such records began a generation ago, and posted a slump in April export orders last week. That means a challenge for investors looking for income which seems to have, for now, stumped even billionaire Warren Buffett.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

They made their beds ...

China f'd up!

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Dollar firm but stocks, oil under pressure as U.S.-China tensions riseThe dollar rose, oil fell and stock markets were poised to slip on Monday as rising U.S.-China tensions over the coronavirus - and growing unease at the gulf between asset prices and grim economic reality - turned investors cautious. thirdrowtesla Trickle down really meant limp noodling.
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