Most Asian stock markets ease along with S&P futures as European shares fall 0.5%, with recession fears creeping back in
London — World stocks were knocked off 22-month highs on Wednesday as a renewed flare-up in China-US tensions and the creeping return of US recession fears fueled a bid for bonds and other “safe” assets such as gold.
US President Donald Trump also threatened to up tariffs on Chinese goods if a trade deal is not reached soon. “I think we are looking at a short-term setback rather than a major issue that would derail the process. The bill still has to be signed into law by Trump so there’s a high probability he will use it as leverage against China.”
“It was noticeable that fixed-income markets rallied despite equity markets being stable, suggestive of a market that remains cautious about the growth outlook,” ANZ told clients. US crude stocks rose far more than expected, the American Petroleum Institute said, driving Brent crude into a 2.6% slide. Brent fell another 0.5%, edging towards the $60 mark last breached three weeks ago.
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.
World shares on a high in anticipation of US-China trade dealThe MSCI world index touches its highest since January 2018 and the euro Stoxx 600 hits its highest since July 2015
Read more »
MARKET WRAP: JSE gains as markets await further news on the US-China trade warThe rand was the best performing among emerging-market currencies tracked by Bloomberg over the past five days
Read more »
Gold benefits as traders worry about US-China trade dealGains on the yellow metal are limited with investors holding back from taking firm bets
Read more »
US Senate passes Hong Kong rights bill, angering ChinaChina had also reacted angrily when the US House of Representatives passed a similar measure last month.
Read more »
Furious China reacts to US Senate’s move to revoke Hong Kong’s special statusUS legislators have also approved a measure that will ban the sale of teargas and rubber bullets that Hong Kong police have been using to suppress pro-democracy protests
Read more »
Call to update World Energy Outlook in line with climate concernsSixty-five signatories urge organisation to do more to avert 'catastrophic global warming''
Read more »