Trump slump back in focus, Dow in correction territory
THE so-called "Trump Slump" returned last week as broad indexes saw their biggest losses in more than two years because of trade-war fears.
This week, markets may recoil from more economic threats between the United States and China or military threats between the US and Iran, while Treasury yields and housing data could also provide nasty surprises.
The blue-chip Dow Jones Industrial Average index fell by more than 5 per cent on the week for its worst week since January 2016, closing at its lowest point of the year, at 23,533.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Eurozone at turning point needs consumers to get out and spend
Chinese tariffs could leave cognac makers with too much brandy
Xi begins Europe tour in Paris as Macron seeks to reset ties
South Korea’s probe alleges 211.2 billion won of illegal short trades
Suzhou Industrial Park: The crown jewel of China-Singapore relations celebrates its 30th year
Top US Treasury official to travel to Singapore, Malaysia to discuss sanctions