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.
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