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Markets Paring Exaggerated Response to US Blink
The US cut its list of Chinese goods that will be hit with a 10% tariff at the start of next month by a little roe than half, delaying the others until the mid-December. This spurred a near-euphoric response by market participants throughout the capital markets. However, as the news was digested, it did not seem as much of a game-changer as it may have initially. Disappointing Chinese data also seemed to encourage risk-off. Asia Pacific equities had a muted response to the reversal higher in US stocks yesterday, and the Dow Jones Stoxx 600 is seeing most of yesterday's gains unwound. US shares are trading with a ... (full story)
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