- Oil ended a three-day advance
- Yields at the lowest since March 23
- US futures fell with global stocks as US-China tensions reawaken
The first full trading week of May opened in the red on Monday. US futures contracts for the , , and each dropped around 1% or more, European shares are significantly lower and Asian markets all closed down this morning.
The reason? A between the US and China over the possible origins of the cornonvirus, which could rekindle trade tensions between the world’s biggest economies.
Yields fell and gold jumped.
Global Financial Affairs
Yesterday, echoing President Donald Trump’s bellicose accusations, US Secretary of State Mike Pompeo charged that COVID-19 originated in a Wuhan, China lab. He also said that the Asian nation’s government wasn’t cooperating on information-sharing to help create a vaccine. This was a clear extension of Trump’s trade war revival threat from last week; there was even talk about America deleting its Chinese…