The world’s 10 richest people each added at least $1 billion to their fortunes as U.S. markets surged, erasing last week’s losses.
Asia stocks followed the U.S. rally, but China is struggling to stop the yuan from weakening. Its holdings of U.S. Treasuries fell for a third straight month in August, which can be seen as a response to the trade war.
Elsewhere:
– Netflix stock soared after posting blistering subscriber growth
– The pound climbed as U.K. wages grew at the fastest pace in nearly 10 years
– Minutes from the Federal Reserve are out on Wednesday
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