5 April 2018

Bassanese Bites: Bull in a China Shop – Week beginning: 03 April 2018

Global markets tried to recover ground last week with reports that US President Trump was keen to strike a trade deal with China sometime soon.  That helped global stocks rise strongly last Monday, though the lack of a confirming official announcement and continued worries about the tech sector saw markets ease back over the rest of the week.  All up, the S&P 500 closed last week up 1.9%, though it was not enough to save our S&P/ASX 200 Index from shedding 1.1% for the week.   Of course, the big news came over the weekend, with China announcing its own range of retaliatory tariff measures, which saw US stocks slump on the first day of this week.

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