Key News Overnight: Goldman Sachs Group said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that Goldman no longer expects a trade deal between the world’s two largest economies before the 2020 U.S. presidential election. Kim Jong Un is open to more talks with Trump once U.S.-SouthRead more
Key News Overnight: US Stocks rose on Thursday, erasing most of the steep losses from earlier in the week, as global bond yields rebounded while investors digested better-than-expected trade data out of China. Spot gold was up 0.4% at $1,500.7 per ounce, the metal has risen more than 16% so far this year, and aboutRead more
Key News Overnight: Global markets closed yesterday relatively unchanged, with the Dow Jones down 22 points and the S&P 500 up 2 points. The ASX All Ords index finished up 42 points, recovering some of the previous day’s losses. Investors are weighing how to react to a wave of monetary easing by central banks acrossRead more
Key News Overnight: China acted to shore up the yuan, telling foreign companies the currency won’t weaken significantly, and White House economic adviser Kudlow indicated President Trump is flexible on China tariffs depending on how trade talks go. As a result, markets recovered overnight on the hope trade tensions will not escalate, with the S&P500Read more
Key News Overnight: Financial markets buckled after China escalated the trade war with the U.S., sending U.S stocks to the biggest drop this year and sparking a rally in global bonds. Gold surged with the yen. More than $7b wiped from the value of U.S. equities on Monday. The S&P/ASX 200 index fell 1.9% toRead more
Key News Overnight: The world’s most famous value investor isn’t seeing much value in stocks at record highs. Warren Buffett’s Berkshire Hathaway Inc. sold $1b more worth of stocks than it bought last quarter, its biggest net selling since the end of 2017. U.S. stocks suffered the worst week of 2019 as investors fretted overRead more
Key News Overnight: US President Trump abruptly escalated his trade war with China, announcing that he would impose a 10% tariff on a further $300b in Chinese imports in a move set to hit American consumers more directly than any other in his trade wars so far. The S&P/ASX 200 index fell 0.4% to closeRead more
Key News Overnight: U.S. equities fell the most in two months, while two-year Treasury yields rose as Jerome Powell dented hopes that the Federal Reserve is poised to continue easing after delivering the first interest-rate cut in over a decade. The S&P/ASX 200 index ended July with a day in the red, however that wasRead more
Key News Overnight: U.S. stocks fell amid a mixed bag of corporate earnings and growing speculation a trade deal with China remains elusive. Treasuries edged lower as the Federal Reserve began deliberating on the path for interest rates. President Donald Trump lashed out at China for what he said is its unwillingness to buy AmericanRead more
Key News Overnight: U.S. equities edged lower as tech heavyweights weighed on benchmarks, while Treasuries gained ahead of the Federal Reserve’s meeting. The pound tumbled more than 1%. The S&P 500 Index fell for the second time in three sessions. Citigroup Inc. is preparing hundreds of job cuts at its slumping trading division as moreRead more
