The U.S. economy’s had an unbroken string of victories. Yet markets slumped Friday. This reminds us that the two aren't the same.
on Australian barley imports effective Aug. 5. The move highlights how bilateral tensions have thawed since the leaders of both countries met at the G-20 summit in Bali last November.Morgan Stanley downgraded the MSCI China, an index that represents a range of mainland Chinese large- and mid-cap stocks. The bank's still cautious of growth prospects in the country despite the promise of more state support.
"Overall, this is still not the picture of the labor market we would expect to see if the economy were in danger of decelerating dramatically in the short term, although without question there are signs of moderation," said Rick Rieder, chief investment officer of global fixed income at asset management giant BlackRock.
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