Markets await news on the effect of US-Sino trade war
A man looks at an electronic stock quotation board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan. Picture: REUTERS/TORU HANAI
Dashing previously upbeat expectations about a resolution to the Sino-US trade war was a Wall Street Journal report that said negotiations had hit a snag over farm purchases. Worries about violent antigovernment protests in Hong Kong also soured investor sentiment. “The markets have been pushing to new highs, but it’s been a bit of a bumpy ride,” said William O’Loughlin, portfolio manager at Rivkin Asset Management in Sydney.
US stocks have climbed to record levels recently, fuelled by interest rate cuts, positive earnings and signs the economy is bottoming out, but doubts about progress in US-China trade negotiations remain a huge risk to financial markets and global growth. Investors and economists will scrutinise the data to determine whether China can shake off the negative effects of punitive tariffs.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JSE looks set to follow under-pressure Asian markets on ThursdayConcern over the US-China trade war and a fall by Tencent in Hong Kong points to a weaker start for the local bourse
Read more »
Asian shares tread water as traders await Trump speechUncertainty and political strife leave Asia shares guessing on trade
Read more »
Asian shares slip amid trade-war worries and Hong Kong protestsLack of certainty in US-China row and growing unrest in city-state dent demand for risky assets
Read more »
Asian shares tread water as traders await Trump speechUncertainty and political strife leave Asia shares guessing on trade
Read more »
Asian shares slip amid trade-war worries and Hong Kong protestsLack of certainty in US-China row and growing unrest in city-state dent demand for risky assets
Read more »
WATCH LIVE: Focus on municipalities - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Today our broadcast focuses on the state of local governance in the country. Our focus will be on the North West province.
Read more »