Odds of a trade deal - and of survival for bull market - fading fast
IN THE grand diplomatic game of "Deal or No Deal", the odds of a deal - and of survival for the bull market in US stocks - are falling fast.
Broad US stock indexes fell slightly last week as more of the bears' fears played out than the bulls' hopes, and more fears about prospects of a trade deal and economic growth could be realised this week.
The stakes were high going into the week, with the Dow Jones Industrial Average and the Standard & Poor's 500 on the brink of record highs.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’
US jobs growth slows in April; jobless rate up to 3.9%