Macro Morning

By Chris Becker 

A bath of blood on equity markets overnight as the US/China trade war deepens with US stocks falling around 3% across the board, now wiping out all the nominal gains for the year. It was a run to safe havens instead, as gold surged alongside Yen while US Treasury yields plummeted to a near three year low with the Aussie 10 year now at a record low below the 1% mark. In economic news, the ISM Services index went to a three year low alongside the European PMI.

There are 1823 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.