August 5, 2020

Asia markets stutter on stimulus struggles, China-US tensions

Hong Kong (AFP) – Nervous investors struggled Wednesday following the previous day’s rally with US lawmakers still unable to thrash out a key new stimulus package, and the White House and China agreeing to review their much-vaunted trade deal.Long-running uncertainty about the global economic outlook caused by the coronavirus and a weak dollar helped push gold to new records after breaking the $2,000 barrier for the first time, while Europe is bracing for a second wave of infections.With key unemployment benefits and a ban on evictions already lapsed for millions of Americans, Republicans and …


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