Market volatility seen if trade ceasefire ends, US Treasury yields rise
In the event of a trade war, it will be a "lose-lose" situation for the US and China, economists warn
US stocks rose to near record levels last week on hopes that America and China would pull back from the brink of a trade war and as the Turkish currency crisis eased.
This week could see volatility if the trade ceasefire is called off and rising US Treasury yields exert pressure on emerging markets once more.
Stocks were on the wane early in the week, with the broad Standard & Poor's 500 nearing a one-month low before reports that the Turkish central bank had hiked rates, resisting pressure from President Recep Erdogan.
