Global equities rise, as dollars and US treasuries fall on Trump’s woes
The dollar enters its sixth session of selling seeing emerging-market stocks extend their gains, as his former lawyer says Trump is unfit to hold office
New York — Benchmark US government debt yields slid to six-week lows on a flight to safety bid; and the dollar weakened further on Wednesday as investors assess how a conviction and a guilty plea of two former advisers impact US President Donald Trump. A gauge of global equities rose, lifted by higher energy prices and strong earnings from retailers in a session that marked the longest US bull market. It came a day after the S&P 500 stock index set an all-time high. US treasury yields also fell as contentious trade talks between US and Chinese officials were set to resume on Wednesday and as investors looked to minutes from the Federal Reserve’s August meeting, due later in the session. "Beyond the political uncertainty associated with what’s going on in Washington, there are broader macro-economic concerns resulting from on-again, off-again trade tensions and, of course, where the Fed stands on this," said Ian Lyngen, head of US rates strategy at BMO Capital Markets in New York. On...
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