26/08/2019

OMF Markets Daily Commentary Report

Written by Liz Bell
Home Education Articles OMF Markets Daily Commentary Report

HEADLINES

  • Trade tensions between US and China reach new highs
  • Equities and US dollar sold off
  • Jackson Hole Symposium a side show.  Powell warns about significant risk to economies. Safe havens soar
  • Trump hit back raising current tariffs on China on US$250 billion worth of goods to 30% and 15% on the remaining US$300 billion worth of goods
  • He wishes he had raised the tariffs earlier and regretted that he hadn’t
  • American companies ordered to “immediately start looking for an alternative to China”
  • NZ dollar bounces following RBNZ Governor’s comments
  • Gold prices surge closing a highest level in six…
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