Global stocks drop, hurt by US-China trade frictions, while the British pound falls to its lowest since January 2017 amid political uncertainty over Brexit
A currency dealer monitors exchange rates in front of screens showing South Korea's benchmark stock index and the Korean won/USD exchange rate in a trading room at the KEB Hana Bank in Seoul on March 25, 2019.
Although US President Donald Trump has said both sides would still meet for talks later this month, tensions show little sign of abating. "No one really thinks Washington and Beijing will solve the issues. But as long as the US economy keeps going, stock prices will have limited downside," he said.US manufacturing survey by the Institute for Supply Management due at 1400 GMT Tuesday is a major focus for investors.
Prime Minister Johnson implicitly warned lawmakers on Monday that he would seek an election on October 14 if they tied his hands on Brexit, ruling out ever countenancing a further delay to Britain's departure from the European Union. Uncertainties over Brexit have already hit the UK economy, with a survey by the IHS Markit/CIPS showing British manufacturing contracted last month at the fastest rate in seven years.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks dented by trade war, Brexit showdown paralyzes poundGlobal stocks faced headwinds on Tuesday, stymied by U.S.-China trade frictions ...
Read more »
Asia stocks set to trade lower as new US-China trade tariffs go into effectStocks in Asia were set to decline at the open on Monday as the latest round of U.S. and China tariffs kicked into effect over the weekend.
Read more »
U.S. wants Brexit that encourages stability in Ireland: Vice President PenceThe United States wants the terms of Britain's exit from the European Union...
Read more »
Asia set to trade lower ahead of Australia's interest rate decisionStocks in Asia were set to trade lower on Tuesday, with Wall Street closed on Monday for a holiday. The Reserve Bank of Australia is also set to announce its interest rate decision later on Tuesday.
Read more »
Amid Brexit chaos, the pound is plunging again after Britain's economy just posted 'shocking' manufacturing dataUK manufacturing fell suffered sharpest decline in seven years.
Read more »
Former minister Gauke to meet PM Johnson Monday to hear his Brexit planFormer British justice secretary David Gauke, a prominent critic of the governme...
Read more »