A trade deal with China is still on track according to the U.S. President Trump who calmed down markets originally hit by comments about deal being “over”.
A globally accelerating spike in new COVID-19 infections, which can be marked as a second wave, becomes a new theme for markets and whether this may prompt to fresh lockdowns.
U.S. President Trump renewed his threat to cut ties with Beijing a day after the first high-level diplomatic talks between the two economic giants being described as “tense”.
Growing concerns about a new wave of COVID-19 cases globally crushed hopes of a quick global economic comeback and underpinned safe-haven demand.
Fed is cautious and its Chairman Jerome Powell douses some market optimism with a bleak U.S. economic picture, but he reaffirms continued policy support.