Three signs from APEC that the U.S. and China remain far apart on trade
U.S. and Chinese officials have met and spoken publicly about differing priorities since the Trump-Xi summit concluded in Beijing last week.
Source: www.cnbc.com
U.S. and Chinese officials have met and spoken publicly about differing priorities since the Trump-Xi summit concluded in Beijing last week.
Source: www.cnbc.com
Fundstrat’s Tom Lee expects the Federal Reserve to raise interest rates by 25 basis points today, arguing the move could still spark a substantial equity rally rather than derail one. The Federal Open Market Committee (FOMC), the Fed’s rate-setting panel, meets today, with a decision expected at 2 p.m. ET. Lee said the hike would…
Donald Trump delivered three major policy shocks between July 6 and July 11. He declared the Iran ceasefire over, sending Brent crude oil up 5.2%. The POTUS also ordered a halt to trade with Spain, pushing Spain’s stock market index IBEX 35 down 2.6%. Lastly, he backed tougher Russia sanctions and allowed Ukraine to manufacture…