Global stocks and bond yields slump
The retreat was triggered by US comments that tariffs on Chinese goods will stay until completion of a second phase of a US-China trade agreement
15 January 2020 - 12:54
Tokyo — World stocks eased off record highs on Wednesday and US and German bond yields slipped as euphoria over a China-US trade deal was countered by US treasury secretary Steven Mnuchin saying tariffs on Chinese goods would remain in place for now.
The 18-month long trade spat should enter a quieter phase as US President Donald Trump and Chinese vice-premier Liu He sign an initial agreement that would boost Chinese purchases of US manufactured and agricultural goods, energy and services...
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