With no major economic data due, Australian shares are likely to search for direction for the day.
NZ 50"Trade tensions continued to drive financial market moves going into the end of the week, with markets very sensitive to reports on the US-China relationship," Jack Chambers from ANZ Research wrote in a Monday morning note. "A risk-off tone hit the markets as President Trump warned that talks scheduled for next month may not take place."on Friday the U.S.
is not ready to strike a trade deal with China. "China wants to do something, but I'm not doing anything yet," Trump said. "Twenty-five years of abuse. I'm not ready so fast."worth of Chinese goods are due to go into effect beginning Sept. 1.traded at 97.538 against a basket of its peers Monday morning, after coming off levels near 98.00 at the start of the previous week.
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.
Goldman Sachs economists say fears rise that U.S.-China trade war leading to recessionGoldman Sachs Group Inc said on Sunday that fears of the U.S.-China trade war le...
Read more »
Wall Street analysts worry these stocks are caught in the deepening US-China trade warCNBC combed through Wall Street research to see which stocks would be hurt most by the ongoing US-China trade war.
Read more »
Goldman Sachs cuts growth forecast as trade war triggers recession fearsGoldman Sachs lowered its fourth-quarter growth forecast by 20 basis points to 1.8%, citing a larger than-expected impact of recent trade war events.
Read more »
Rating China's retaliation in the trade war: 'On a scale of 1-10, it's an 11'The trade war between the United States and China ratcheted up over last weekend to a level that Cowen says, “on a scale of 1-10, it’s an 11.”
Read more »
70% of shoes sold in the US come from China. With new tariffs, the industry braces for a hitThe U.S. footwear industry is now one of the biggest victims in the escalating trade war with China.
Read more »
Weekend Roundup: Uber, Lyft and rising prices | Trade war becomes a currency war | Making money on ChinaAlso, Ed Yardeni takes ‘Modern Monetary Theory’ to task.
Read more »