The market will become more uncertain 'every day and every week' that a China deal doesn't happen, Wharton School professor Jeremy Siegel says.
U.S. stocks are "not far from all-time highs, because there is an expectation in the market that [President Donald] Trump has got to do a trade deal," the Wharton School finance professor said on ". " The stock market "has to be higher than it is right now" if Trump wants to get re-elected in 2020.
The market has seen trade developments between the U.S., Canada and Mexico as a positive sign that the United States can work out a trade deal with China, Siegel said. However, the market will become more uncertain "every day and every week" that a China deal doesn't happen, he added.Tuesday as the U.S.-China trade war sparks worries about a possible slowdown in the economy. The Dow has logged five straight weeks of declines, its longest weekly losing streak in eight years.
The world's two largest economies increased tariffs on one another this month, with the U.S. making the first move by increasing duties on $200 billion worth of Chinese products from 10% to 25%. China announced plans to raise tariff rates on $60 billion in U.S. goods. The tactics amplified a fight that has rattled financial markets and threatened to drag on the global economy.said Monday that the U.S.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
UK needs a new Brexit deal and new negotiating team, Jeremy Hunt saysThe United Kingdom needs a new EU divorce deal and a new negotiating team includ...
Consulte Mais informação »
Hunt says pursuing no-deal Brexit would be 'political suicide'Foreign Secretary Jeremy Hunt said it would be 'political suicide' for...
Consulte Mais informação »
A 16-year-old's MAGA hat was blurred out of his high school yearbookA high school student wanted to show his support for President Trump so he and a friend wore red hats with the words: 'Trump: Make America Great Again.' The caps were blurred out in a yearbook photo.
Consulte Mais informação »
UK opposition leader Corbyn: We must have an electionBritain's opposition Labour leader Jeremy Corbyn said on Friday Theresa May...
Consulte Mais informação »
Britain's Theresa May begs Labour to support her 'last chance' Brexit compromiseBritish Prime Minister Theresa May has asked Labour leader Jeremy Corbyn to supp...
Consulte Mais informação »
The Tories And Labour Suffered Their Worst Election Results In Living MemoryJeremy Corbyn is under huge pressure to support a second Brexit referendum as the pro-Remain Lib Dems declare they're 'back in business'.
Consulte Mais informação »
EU tells Britain: There will be no renegotiation of Brexit dealBrexit is up in the air after May announced plans to step down, triggering a leadership contest in the ruling Conservative Party that could bring a new prime minister to power who wants a much more decisive break with the EU. One of the candidates, Foreign Secretary Jeremy Hunt, said it would be '
Consulte Mais informação »
Asia markets decline as investors worry over US-China trade tensionsMarkets in Australia and Japan looked set to open slightly lower as investors worried over trade tensions between the U.S. and China.
Consulte Mais informação »
Trump concludes Tokyo visit as Japanese trade official plays down August deal chancesU.S. President Donald Trump concluded his four-day visit to Tokyo on Tuesday amid confusion about whether a trade deal with Japan could come in August.
Consulte Mais informação »