Sentiments Sank as Abrupt US-China Trade War Escalation Raises Risk of Cold War
Last week started with anticipation of Fed Chair Jerome Powell’s Jackson Hole speech, but ended with shocked escalation of US-China trade war. Risk aversion should continue to dominate the markets this week, as hard-line rhetorics are expected from both sides. Indeed, they look moving away from a September trade meeting, rather than towards it. Sterling […]
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