Sharemarket investors were initially excited about the president-elect’s return to the White House but Jerome Powell quickly became the party pooper.
Prime Minister Anthony Albanese has arrived at an economic summit in Peru that is being overshadowed by the world leader who isn’t there – Donald Trump.
Donald Trump’s administration is starting to take shape,and his appointees to key positions have something in common:they’re well-known China hawks.
The prime minister is seeking to meet Chinese President Xi Jinping within days to shore up a $327 billion economic relationship.
Amid the near-euphoria in financial markets that erupted when it became clear that Donald Trump had regained the US presidency,there was one warning sign.
Xi’s key policymakers are meeting to discuss a large fiscal stimulus package,knowing that the US election outcome could have threatening implications.
The EU and China are hastily drawing up their plans for retaliation should Trump win next week’s US election and press ahead with his plans to launch a global trade war.
Something odd has happened to the gold price this year. It has been unstoppable,rising to record levels as it decoupled from its traditional anchors.
In the US and Russia this week,two meetings are being held at a critical moment for the global economy. In the background is Donald Trump.
Praising his maths skills,Trump rebuts criticism that his tax cuts and tariff plans will swell US deficits and debt,lower growth and lead to higher inflation.
The European Union has followed through on its threat to impose heavy tariffs on imports of electric vehicles from China,raising the prospect of Chinese retaliation.