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Week ahead: Global trade, Brexit, EMs still in focus
Investors will have little choice but to keep their eye on developments on multiple fronts over the coming week, with global trade talks between the US and China, or the lack thereof, likely to be the biggest driver of markets around the world.
US set to impose 10% tariff on $200bn of Chinese goods
The White House is set to announce new tariffs on as many as $200. 0bn-worth of Chinese-made goods, probably towards the start of the coming week.
US close: Stocks end volatile session higher, another record high for AMD
Wall Street finished a volatile session of trading higher as investors investors reacted, first to a weaker-than-expected reading on US retail sales for August and then to reports that the US administration was intent on moving ahead with further tariffs on China, even as the US Treasury Secretary was reportedly leading an effort to restart trade talks.