Global Markets Update Monday 23 July 2018
23 Jul 2018
Japan and the EU signed the world’s largest bilateral trade pact. The deal creates a trade zone covering about a third of global GDP. The agreement must be approved by the European and Japanese parliaments before it can pass into law. Meanwhile the IMF warned that tariffs could reduce global growth by 0.5% by 2020.
Global Markets Update Monday 16 July 2018
16 Jul 2018
The US-China trade war continued to intensify as President Trump ordered preparations for tariffs on a further $200 billion of Chinese imports. Some US multinational companies warned the consequences could outweigh the benefits of last year’s tax cuts.
Global Markets Update - 09-07-18
09 Jul 2018
The global trade war escalated when the US imposed a 25% tariff on $34 billion of imports ranging from water boilers and lathes to industrial robots and electric cars.
In response, China is reaching out to the EU to form a united front against US president Donald Trump’s trade policies.
Global Markets Update Monday 2 July 2018
02 Jul 2018
Global M&A activity reached $2.5tn in the first half of 2018, an all-time high for the start to a year and up 65% compared to the same period the previous year amid surging deals in the US media and telecoms sectors.
Global Markets Update Monday 25 June 2018
25 Jun 2018
Donald Trump threatened another $200bn in tariffs on imports from China and targeted European car makers too.
Global Markets Update Monday 18 June 2018
18 Jun 2018
President Donald Trump and Kim Kong Un met in Singapore. The US agreed to suspend military exercises with South Korea and to lift sanctions against North Korea provided North Korea progresses with nuclear disarmament.
Global Markets Update Monday 11 June 2018
11 Jun 2018
The G7 summit in Canada ended in acrimony over tariffs, with Donald Trump leaving early to attend a meeting with North Korean leader Kim Jong Un in Singapore. The summit highlighted the rift between the US president and its key partners.
Global Markets Update Tuesday 4 June 2018
04 Jun 2018
Global stocks were unsettled by news that Italy’s proposed coalition government appeared to have fallen apart, raising fears that new elections would turn into a referendum on Italy’s membership of the euro. While stocks fell and peripheral eurozone bonds fell, core bonds rallied. Spain’s government also fell.
Global Markets Update Tuesday 22 May 2018
22 May 2018
US bond yields moved decisively above 3.0% for the first time in seven years, and oil prices breached $80 a barrel.
Global Markets Update Tuesday 8 May 2018
08 May 2018
The US dollar strengthened as weak economic data in the UK and eurozone caused investors to reassess the chances of rate rises. In contrast, US inflationary pressures continued to accelerate.