Brexit surprise or Fed U-turn on rate hikes may break downtrend

THE US stock market is set to continue the wild swings of the last couple of weeks as a boost from seasonal strength is countered by a drag from developments in the trade war and Brexit.

Last week, the relief over reduced tensions between the US and China wore off after a couple of days.

The Dow Jones Industrial Average came within 900 points of its all-time highs last Tuesday after Beijing confirmed that it was optimistic about a settlement of trade differences with the US.