SYDNEY - Asian shares flatlined on Wednesday as worries about global recession and endless trade wars vied with hopes for a lot more monetary and fiscal stimulus to keep growth going.
Traders are also awaiting the central bank’s annual Jackson Hole seminar later this week and a Group of Seven summit this weekend for clues on what additional steps policymakers will take to boost economic growth. Futures are fully priced for a quarter-point cut in rates next month, and over 100 basis points of easing by the end of next year.
President Donald Trump showed no signs of backing down in his tussle with China, declaring on Tuesday a confrontation was necessary even if it caused short-term harm to the U.S. economy. That was enough to prompt Trump and his advisers to examine ways to provide a fiscal boost to the U.S. economy, should it be deemed necessary.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian shares fall on recession fears; eyes on Fed minutesAsian shares fell on Wednesday as fresh worries about a global recession led inv...
Source: Reuters - 🏆 2. / 97 Read more »
Head in the Clouds: Rich Brian, K-Pop Group IKON at ‘Asian Coachella’Asian artists like IKON, richbrian, sushitrash and more took the stage for the second annual Head in the Clouds festival this past weekend richbrian sushitrash richbrian sushitrash shit be lookin like BTS richbrian sushitrash There's something about this band...🤔.
Source: RollingStone - 🏆 483. / 51 Read more »
Taking a Cue From Black Counterparts, Asian American Women Writers Brunch and BondIt’s a Sunday morning in July. The doors to the dining room of a private home in West Los Angeles are swung wide open so that the 30 or so women sitting at folding banquet tables and on couches can… Everything segregated....The liberal goal it seems Because remember, the only important thing is the thing you can't change and received by accident: your skin colour.
Source: Variety - 🏆 108. / 63 Read more »
Asian shares fall on recession fears; eyes on Fed minutesAsian shares fell on Wednesday as fresh worries about a global recession led inv...
Source: Reuters - 🏆 2. / 97 Read more »
Shares inch higher as stimulus hopes spur reboundEuropean shares followed their Asian counterparts higher on Tuesday as investors...
Source: Reuters - 🏆 2. / 97 Read more »
Asia shares edge up as stimulus hopes temper recession worriesAsian shares rose on Tuesday as hopes for stimulus in major economies tempered a... Artificial stimulus isn't going to fix the fundamental weaknesses of the global economy.
Source: Reuters - 🏆 2. / 97 Read more »