China and America Struggled To Halt Trade War

US equity futures fell as China and America struggled to schedule a planned meeting this month to continue trade war talks. The pound slumped with the U.K. facing a showdown in Parliament over delaying Brexit again.


Treasury 10-year futures erased a decline while a gauge of the dollar increased for the sixth consecutive day. In the U.K., the pound headed for its biggest one-day drop in three weeks and gilts rose as Parliament looked set to seek a vote that would delay Brexit by three months unless there’s a new accord with the European Union by mid-October. Prime Minister Boris Johnson today responded that he would not delay under any circumstances.


“The risks of an early election and the increasing political uncertainty, I think, is really weighing on investors minds” in the U.K., Jeremy Stretch, Canadian Imperial Bank of Commerce head of G-10 FX Strategy, said on Bloomberg TV.


Argentina’s government is imposing currency controls to halt the flight of dollars out of the country as it teeters on the brink of default. Turkey’s lira jumped after data showed the economy shrank less than expected in the second quarter.




Source: Bloomberg




Discover more about online trading and how to gain profit through the market following our free courses here.



Read more…

USA vs China: Trade War Escalates

Facebook Rolling Up After Earnings

Iran Oil Piled Up In Chinese Ports: China Ready To Counterattack

Google “Terminated” China Prototype Dragonfly: Facebook Inc. Reacts

September 3, 2019
Check our free signals

Follow Us

Contact UsTerms and ConditionsPrivacy Policy

The information and content held within this website has been created by Broker Academy Online and are for educational purposes only. Trading online activities offer no guarantee of earnings. There are many factors including general economic conditions that can have an impact on your investment and past results are not indicative of the future. Trading online can put your money in jeopardy, as the financial or stock markets can move quickly and go up and down against your investment. Invest with capital which is reasonable to you as the investment may fail meaning you lose it plus have to pay additional money.