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1.Market Observations, 8.Was Sticky

3 Aug 2019 (AFR) – Trade war brings fear back to markets

(3 August 2019, AFR, p1, Vesna Poljak and Luke Housego)

‘Donald Trump’s escalation of the US-China trade war rocked global shares and sent market interest rates tumbling, triggering fears world markets are headed for a repeat of their 2018 nightmare when Wall Street experienced its worst December since the Great Depression. Investors were gripped by speculation that the imposition of 10 per cent tariffs on $US300 billion of Chinese goods by Mr Trump was intended to apply pressure on the US Federal Reserve to lower interest rates and return the stimulatory euphoria to stocks.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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