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Markets are Subdued Despite Impeachment and Record Chinese Trade Surplus
Overview: The capital markets are becalmed today. There does not appear to be much reaction to the news that the House of Representatives impeached President Trump an unprecedented second time with greater bipartisan support than previously (10 GOP voted with the Democratic majority). Nor has thee been a significant reaction to Italy's political turmoil, where a small but key minority party withdrew from the governing coalition. Most Asia Pacific equity markets advanced, with China and Taiwan being notable exceptions. Europe's Dow Jones Stoxx 600 is pushing higher for the third consecutive session. US shares are also ... (full story)
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