Equities falter amid growing fears of US president’s trade war
Concerns grow that President Donald Trump’s threat of tariffs on Mexico may tip the US and global economy into recession
31 May 2019 - 09:24
Sydney — US stock futures slid and sovereign bonds surged on Friday as investors feared President Donald Trump’s shock threat of tariffs on Mexico risked tipping the US, and maybe the whole world, into recession.
The investor mood darkened further when a key measure of Chinese manufacturing activity for May disappointed, raising questions about the effectiveness of Beijing’s stimulus steps...
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