Asian shares fell on Wednesday as fresh worries about a global recession led inv...
SYDNEY - Asian shares fell on Wednesday as fresh worries about a global recession led investors to dump risky assets, with U.S. President Donald Trump showing no signs of backing down in his trade war with China.
His strongly worded remarks came hours before his government announced approval of an $8 billion sale of Lockheed Martin F-16 fighter jets to Taiwan, a move sure to draw Beijing’s ire and further dim prospects for a quick trade deal. Aside from the trade war, political turmoil in Hong Kong, Britain and Italy have also heightened uncertainties for investors. The prospect of new elections in Italy after the resignation of Prime Minister Giuseppe Conte added to jitters, sending Italian sovereign bond yields sliding.
Morgan Stanley economist Ellen Zentner advised clients to watch for the use of the word “somewhat” when Fed Chair Powell describes further policy adjustments. Most fund managers and economists expect global policy stimulus to prevent the world from tipping into recession. Supporting that belief, Reuters reported earlier Trump and his advisers are examining ways to provide a boost to the U.S. economy should it be deemed necessary.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Head in the Clouds: Rich Brian, K-Pop Group IKON at ‘Asian Coachella’Asian artists like IKON, richbrian, sushitrash and more took the stage for the second annual Head in the Clouds festival this past weekend
Read more »
Taking a Cue From Black Counterparts, Asian American Women Writers Brunch and BondIt’s a Sunday morning in July. The doors to the dining room of a private home in West Los Angeles are swung wide open so that the 30 or so women sitting at folding banquet tables and on couches can…
Read more »
Trump complains again about Fed Chair Powell, says he lacks 'vision'President Donald Trump on Monday criticized Fed Chairman Jerome Powell ahead of the central banker's highly anticipated speech later this week. In a series...
Read more »
Trump says Fed should cut rates by at least 1% 'with perhaps some quantitative easing'The president said the Fed has been hampered by a 'horrendous lack of vision' and said it should institute 100 basis points worth of reductions in its benchmark rate.
Read more »
Trump attacks Fed Chair Powell's 'horrendous lack of vision,' calls for huge rate cut'Democrats are trying to 'will' the Economy to be bad for purposes of the 2020 Election. Very Selfish!' President Trump tweeted.
Read more »