“China is having a fair amount of difficulty in their domestic economy,” says Tony Nash, CEO of Complete Intelligence to CNBC reporters. He continues “to believe China will come to the table with some significant concessions (although they may be downplayed) this month.”
Month: October 2018
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Bonds frustrate markets
Overnight, US stocks fell the most since June to its lowest level in 3 weeks. This comes after the global government bond selloff, with 10-year U.S. Treasury yields breaking above 3.2%, its highest level since 2011, while Japan’s 10-year government bond touched its highest level since January 2016.