TOKYO: Global stocks were hit by U.S.-China trade frictions on Tuesday while the British pound flirted with 2 1/2-year lows as Prime Minister Boris Johnson indicated he could call an election to stymie lawmakers' efforts to avert a no-deal Brexit.
"We have so many problems around the world, starting from the U.S.-China trade war and Brexit. But investors appear to be getting used to be exposed to them," said Hiroyuki Ueno, senior strategist at Sumitomo Mitsui Trust Asset Management In the currency market, sterling traded at US$1.2063 , little changed so far on Tuesday after having dropped 0.85per cent on Monday. The currency stood just a half cent above its 2 1/2-year low of US$1.2015 hit on Aug. 12.
The picture is not much better in Europe and the European Central Bank is widely expected to cut interest rates next week to cushion the blow, pressuring the euro.The offshore Chinese yuan also dropped to a record low of 7.1975 per dollar while the Australian dollar fetched US$0.67145 , not far from a decade-low of US$0.66775 hit last month.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global stocks slip as new US-China tariffs sour global outlookGlobal stocks dipped on Monday after the United States and China imposed new tariffs on each other's goods, reinforcing investors' worries over ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tokyo: Stocks fall on renewed US-China trade war fears[TOKYO] Tokyo stocks closed lower Monday on renewed fears of escalation in the US-China trade war and its impact on the global economy. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Stocks to watch: CSE Global, New Toyo, MetechSINGAPORE - The following companies saw new developments that may affect trading of their shares on Tuesday (Sept 3):. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Stocks to watch: CSE Global, New Toyo, MetechTHE following companies saw new developments that may affect trading of their shares on Tuesday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tokyo: Stocks open lower as US-China trade war weighs[TOKYO] Tokyo stocks opened lower on Tuesday in cautious trade amid lingering worries over the US-China trade war, as Beijing said it had lodged a complaint against Washington with the World Trade Organization. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Stocks slip on US-China trade tariffs, Argentina hit by capital controlsNEW YORK (REUTERS) - US stock futures dove on Monday (Sept 2) after Washington and Beijing placed new taxes on each other's goods, while Argentina imposed capital controls and cast a new spotlight on emerging-market risks.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »