Recession fears were stoked last week when bond investors briefly demanded a higher interest rate on 2-year Treasury bonds than for 10-year Treasury bonds, a potential signal of lost faith in near-term economic growth.
Ties between the world’s two largest economies have deteriorated dramatically since Trump announced on August 1, 2019 that he would impose a 10% tariff on a final $300 billion worth of Chinese imports on September 1, 2019 prompting China to halt purchases of US agricultural products.
MSCI’s broadest index of Asia-Pacific shares outside Japan edged 0.04% higher and looked set for another cautious session being up just 0.6% for the week so far.
By a vote of 237-187, the Democratic-controlled House approved the legislation to end the threat to “Dreamers” despite opposition from the White House, which said the move would “reward illegal immigration.”
President Donald Trump issued an ominous warning to Iran on Sunday, suggesting that if the Islamic republic attacks American interests, it will be destroyed.
SABC © 2019
