archivePresident Xi Jinping

The steep recovery in equity markets over the past two weeks is typical of bear market rallies, and the erratic swings mean almost every investor will experience pain whichever direction the market suddenly moves. Goldman Sachs Group (GS) strategist Peter Oppenheimer said “the asymmetry for equity investing is poor. Sharp rallies within bear markets are the norm, not the exception.” The biggest market driver is still uncertainty, with no real long-term bullish or bearish conviction seen from investors. Price action is mainly fueled by short-term headlines and guesswork on how...

Treasury Secretary Scott Bessent said Tuesday on Capitol Hill that new trade deals with major partners could be announced as soon as this week. "Many of our trading partners have approached us with very good offers, and we are in the process of renegotiating those," Bessent said, noting that the US is currently in talks with 17 of its 18 key trading partners, with China as the exception. "I'd be surprised if we don't have more than 80% or 90% of those wrapped up by the end of the year,...

India has "absolutely no interest" in undermining the US dollar, and its fellow members of the Brics grouping of emerging economies have not formed a unified position on a proposed alternative payment system, according to New Delhi's foreign minister.Speaking at the London-based think tank Chatham House last week during a six-day visit to Britain and Ireland, Subrahmanyam Jaishankar described the dollar as a "source of international economic stability".His comments followed repeated warnings from US President Donald Trump against any efforts by Brics - an acronym of founding nations Brazil, Russia,...