Stocks are sliding around the world as fears about trade return. The concerns were triggered by the news that President Trump is considering 25% tariffs, rather than 10%, on $200 billion of Chinese goods.
Turkey’s lira has tumbled past five per dollar to a record low after the U.S. imposed unprecedented sanctions: https://www.wbca.st/hChh5Vw
Elsewhere:
– Europe’s Stoxx 600 fell for a second day, following sharp drops in Asia
– The Bank of Japan made an unscheduled offer to buy bonds
– The pound weakened ahead of the Bank of England’s expected rate increase
– Treasury yields declined after the Fed left U.S. rates unchanged
– Oil and gold rose