TODAY LATEST NEWS UPDATE ::
The U.S. economy will be hit much harder than the rest of the world by the escalating global trade war, according to the CEO of Maersk, the world’s biggest shipping company.
China is preparing to restart trade negotiations with the U.S., steadying the offshore yuan. Japan’s shares fell, while stocks rose in Hong Kong and China.
What else we’re watching this week: –
Turkish markets are closed, which could bring a possibility of sharp currency swings –
Earnings coming from Alibaba, Qantas, and China’s Bank of Communications –
Central bankers gather at the Jackson Hole policy summit to gauge the outlook for markets.