Weekly Market Update

Market Action China’s central bank reduced the amount of cash some lenders must hold as reserves, trimming the required reserve ratio for some banks by half a percentage point. The aim was to support small and micro enterprises, and to further promote the...

Weekly Market Update

Market Action Trade war threats shook the markets this week and drove them down. US President Donald Trump said he would impose tariffs on $50bn of Chinese goods because Beijing is not dealing with American complaints about stealing intellectual property. In response,...

Weekly Market Update

Market Action The Dow Jones Industrial Average dropped 200 points on Friday morning after US President Trump announced $50 tarifs on $50 billion worth of Chinese imports. China’s Ministry of Commerce has said it will respond in “equal scale and equal strength.” Later...