Where has all the money gone? Trade war fears have triggered abrupt capital flows around the globe, as funds flee equities to seek shelter in lower risk assets and less trade dependent regions. Theresa May announced her plan to step down as British prime minister without completing the Brexit process, marking the start of a delicate political transition for the U.K. Trade war-driven global bond rally should be temporary. Follow this cryptocurrencies newsletter for details.
• Trade war-driven global bond rally should be temporary
• Theresa May announced her plan to step down as British Prime Minister
• U.S. considers duties on countries that undervalue currency: Commerce Department
• Wall Street joins market selloff as trade war hits US economy - as it happened.
• Fed minutes signal patience on rate moves for ‘some time’