Trade tensions back in focus as December begins
WITH 2019 entering its final month, investors are left feeling more concerned about progress toward a US-China mini deal than when November began.
In the early half of last month, global equity markets rallied on the back of accommodative monetary policies and what were then burgeoning hopes that a "Phase One" deal would be concluded by year's end.
But with the Hong Kong pro-democracy bill being passed into law ahead of the Thanksgiving holidays, sentiment turned decidedly south, especially after China's response on Friday.
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
Companies & Markets
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
Chevron's quarterly profit beats estimates
EU toughens rules on Chinese fashion retailer Shein
Keppel prices 70 million euros of floating-rate notes due 2031