Renewed US-China tensions keep investors on edge
Compromise on US stimulus bill, improved Covid-19 data among factors that may soothe nerves
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
US STOCKS retreated slightly last week, as a historic rally showed signs of cracking under the weight of unemployment data and tensions over US-China relations.
The S&P500 tested new record levels before the first increase in new jobless claims since March and a diplomatic clash between the world's two largest economies stalled the rally.
This week, wobbles are likely to continue unless the US Congress can reach a compromise on a stimulus bill, tech earnings surpass expectations or if Covid-19 statistics improve.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
