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Trade war: Trump promises deal with China 'when the time is right' - business live

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  • Trade war: Trump promises deal with China 'when the time is right' - business live

    Rolling coverage of the latest economic and financial news, including the latest developments in the US-China trade rowEarlier:1.57pm BST
    Donald Trump simply can’t tear himself away from Twitter today.
    The president has now predicted that the People’s Bank of China will cut interest rates to stimulate its economy, to cope with trade war damage, and challenged the US Federal Reserve to do the same.
    China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for the business they are, and will be, losing. If the Federal Reserve ever did a “match,” it would be game over, we win! In any event, China wants a deal!
    1.47pm BST
    A record number of investors are bracing themselves for a stock market crash.
    Bank of America’s latest survey of market players found that a third of fund managers have hedged themselves against sharp falls in asset values in the next few months. More investors are also keeping money safe as cash, rather than investing in equities or bonds.
    Continue reading...

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