The Australian sharemarket has trimmed some of its early gains after the inflation data,but is still up for a fifth consecutive day.
Donald Trump’s second time in the White House has produced the worst 100 days for financial markets in half a century.
The meetings of the International Monetary Fund and World Bank this past week have been dominated by the future of a key building block of globalisation.
Meetings of two of the world’s key multilateral organisations this week will be overshadowed by the prospect that the US will withdraw from the institutions it helped create.
The world’s traditional havens in times of stress have themselves become sources of stress.
The US Federal Reserve Board’s usually cautious chairman says Trump’s tariffs will lead to higher inflation and lower US economic growth. That won’t go down well in the White House.
The volatility so far this month might be just a reaction to Trump’s tariffs. It might also reflect a structural threat.
Donald Trump’s exemption of electronic goods from his tariffs highlights the inconsistency,lack of logic and the risks for the US in the way he is pursuing his trade war on everyone.
Sharemarket plunges and a weaker dollar,sparked by Donald Trump’s trade war,may prompt more people to stay home rather than head overseas.
Super balances,home loan repayments and the price of petrol could all be affected by the recent mayhem on financial markets.