“Following the latest development in the U.S.-China trade war, all the economic views and moves in the currency and equity markets are driven by a ‘risk off’ mentality which in turn is boosting bonds,” said Kota Hirayama, senior emerging markets economist at SMBC Nikko Securities.
“The fact that U.S. yields are falling sharply even though Federal Reserve Chairman Jerome Powell did not signal further easing explains it all.”S&P 500 futures ESc1 fell 1.3% in early Asian trade. Wall Street’s major indexes already posted their biggest percentage drop of the year on Monday on fears of escalation in the U.S.-China trade war.
MSCI’s All Country World Index .MIWD00000PUS, which tracks shares in 47 countries, extended last week’s slide and has slumped 2.5% to a two-month low on Monday., a fresh record low since international trading on the Chinese trade began in 2010. The yen, a perceived safe-haven in times of market turmoil and political tensions, was up 0.1% at 105.850 per dollar after touching a seven-month high of 105.520Investor demand for other safe-havens such government bonds also remained high as risk aversion gathered momentum.
The 10-year U.S. Treasury yield US10YT=RR extended sharp falls overnight and declined to 1.672%, its lowest since October 2016.
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:
these nations are soon to get a gut full of trump's bullying, and same from state dept. and justice dept.
Where’s the corrupt federalreserve How about stop making payments to the shareholders so they actually work for us! Make them get paid on how well the markets going! realDonaldTrump POTUS stevenmnuchin1
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.....
Source: CNBC - 🏆 12. / 72 Read more »
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.
Source: latimes - 🏆 11. / 82 Read more »
Stocks plunge as US-China trade war escalates—Cramer and other experts on what's nextU.S. stocks had their worst performance of 2019 on Monday as trade fears roiled the major averages, and experts are split on what's next. TradingNation new page Where is the patriotic movement to stop buying “made in China”.. stop buying clothes and shoes made in China like and retweet TradingNation I guess even Cramer and those “other experts” do not know 🤷🏻♂️ realDonaldTrump Gonna take the credit for the stock market drop?
Source: CNBC - 🏆 12. / 72 Read more »
Stocks plunge on Wall Street as US-China trade war escalatesNEW YORK (AP) — Stocks are plunging on Wall Street Monday on worries about how much President Donald Trump's escalating trade war with China will damage the economy. Major U.S. indexes are headed... Thanks Obama! Trade wars are good and easy to win Trump better watch his moves. The economy is the one thing that may save him next year. If that goes in the tank, he’s toast.
Source: AP - 🏆 728. / 51 Read more »
Stocks, Yuan Drop Sharply as Trade Spat IntensifiesStocks across Asia fell and the Chinese yuan depreciated to a new low in offshore trading, following an escalation in the U.S.-China trade dispute and widespread protests in Hong Kong. transportation declines in US that means economy down, but official figures shows growth. why you don't care this? why you still talking about Yuan? Thangs is abouts to get good! ...aaand whens tha'goin' gets good, tha'good gets goin'. Stay tuned, folks. 💰 Entertainment money sunny days around the bend 🌅 ASX follows with 1.7% decline.
Source: WSJ - 🏆 98. / 63 Read more »
European stocks seen sharply lower as trade tensions mountEuropean stocks were seen tumbling Monday morning as a rapid escalation of U.S.-China trade tensions continues to spook investors worldwide. Is Trump warning people about these tariffs so they can play the market? Then he rescinds his decision again and the Market swings the other way? Curious and Curiouser...
Source: CNBC - 🏆 12. / 72 Read more »