Stock markets will suffer in the first quarter of 2024 as a rally in bonds would signal sputtering economic growth, according to Bank of America Corp.’s Michael Hartnett.
The European Union is considering reopening a case at the World Trade Organization against the US over a Trump-era steel and aluminum dispute that saw the allies hit each other with tariffs on more than $10 billion of goods.
Bond traders who powered a ferocious rally in the $26 trillion US Treasury market are about to find out if they’ve gotten ahead of themselves.
China’s Politburo, comprising the top 24 leaders of the Communist Party, vowed to strengthen the government’s fiscal policy to boost domestic demand, while implementing a flexible and targeted monetary policy.
Anglo American Plc will make deep production cuts for almost all the commodities it mines in the next few years in a bid to slash costs amid logistical and operational snarls at its operations. Its shares slumped.
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