Gains in nearly every corner of global markets generated a broad tailwind for the major asset classes last week, based on a set of exchange-traded products. With the exception of US real estate investment trusts (REITs), buyers bid up prices across the board.
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N. Korea criticizes US after Washington cancels trip to Pyongyang: Reuters
US trade war with China appears set to escalate: Bloomberg
Trade war will have bigger impact on debt vs. GDP in China: Bloomberg
Fed Chairman Powell stays focused on gradual rate hikes: CBS
US stocks via S&P 500 and Nasdaq closed at record highs on Friday: MW
US 10yr-2yr yield spread fell to 19 basis points, another new 11-year low: FX Street
Superstar firms may explain slow wage growth, investment spending: NY Times
Germany has second thoughts about investments from China: SCMP
Headline US durable goods orders fell in July as business investment rose sharply: