The upbeat mood pushed investors away from safe-haven assets towards toward riskier currencies
A trader works ahead of the closing bell on the floor of the New York Stock Exchange on April 12, 2019 in New York City. File photo: AFP/JOHANNES EISELE
US Treasury secretary Steven Mnuchin said he hoped US-China trade talks were approaching a final lap. “It seems like bullish sentiment has decent grip for now and everyone is focused on the year to date performance of the equity markets,” said Naeem Aslam, chief market analyst at TF Global Markets in London.Investors this week will be scrutinising data — including Germany’s ZEW survey and Chinese GDP due on Wednesday — for signs of whether a global economic slowdown is turning around.
Equities and other risky assets have been volatile this year over worries of a slowdown in the US and other major economies.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investor worries about global growth snuff out Asian share rallyEquities slip and the dollar eases as European and US central banks reinforce investor concern about the global economy and trade
Read more »
Amid trade tensions and Brexit worries, IMF cuts global growth outlook - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2019 and warned growth could slow further due to trade tensions and a potentially disorderly British exit from the European Union.
Read more »
Whether hero or villain, Assange changed global mediaAssange's arrest in London Thursday on a US extradition request could spell the end of 13-year-old WikiLeaks.
Read more »
Bad behaviour by tourists threatening global tourism | IOL TravelLocals resent being crowded out of restaurants and parks, paying inflated prices and most of all they resent tourists behaving badly.
Read more »
Business Maverick: Analysis: What Data Say About China, Global Economy: Mohamed A. El-ErianThe slowing of the Chinese economy, along with growing evidence of European growth under pressure, cast a big cloud of uncertainty over the global economy coming into 2019, write Bloomberg economist Mohamed A. El-Erian
Read more »
Fashion fest goes globalThe Motsepes’ African Fashion International Cape Town Fashion Week returned with loads of glamour, this time alongside the Condé Nast International Luxury Conference.
Read more »
Sudan foreign ministry urges global backing for army rulersMilitary council chief Abdel Fattah al-Burhan commits to a new civilian government following the ousting of president Omar al-Bashir last week
Read more »
Global wine output recovered in 2018 from 60-year lowThe 17% growth was driven by steep rises in Italy, France and Spain after extreme weather dented production in 2017
Read more »
'Modi improved India's global standing': Indians reveal why they are voting | IOL NewsIndians voted enthusiastically at the start of a mammoth general election, with Prime Minister Narendra Modi seeking a second term.
Read more »
WATCH: How a global scam ripped off South Africans with a phone callA ring of online fraudsters was busted after stealing millions from unwitting people around the world, including South Africa. Joanna Gottschalk went to the Philippines to find out how they did it.
Read more »