Geopolitics on watch in week ahead
Add BT as a preferred sourceGEOPOLITICAL tensions look set to dictate sentiment in the week ahead, going by how US markets dived last Friday following news that Chinese officials had suddenly cancelled visits to farms in Montana scheduled for this week.
The mid-level trade talks in Washington were unaffected, but key US indices ended lower on the day. The Dow Jones Industrial Average lost 0.6 per cent to close at 26,935.07 while the S&P 500 gave up 0.5 per cent to 2,992.07. The Nasdaq closed down 0.8 per cent to 8,117.67.
The coming week could be nail-biting with a dearth of trade war news as the next round of meetings between the US and China will not take place until early October, likely after Oct 1 which is China's 70th anniversary.
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