Trump tariff suspension only a ‘fragile pause’, says Macron, as gold soars amid market jitters – business live
Nikkei plunges 5.4% but other Asian markets see mixed results as some reverse many of historic rally’s gains after US president’s tariffs reprieve
- US stocks fall again after rally following Trump’s shock retreat on tariffs
- Life in Shanghai, China’s commercial capital, goes on but anti-US sentiment is hardening
The US dollar slumped on Friday as waning confidence in the US economy prompted investors to ditch US assets to the benefit of safe havens like the Swiss franc, yen and euro, as well as gold.
The yellow metal recorded a new all-time peak in early Asia trade, and the franc notched a fresh decade high, Reuters reports.
There has been a pronounced ‘sell US’ vibe flowing through broad markets and into the classic safe-haven assets, with the USD losing the safe-haven bid. Continue reading...
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