A historic global trade war, a proposed $1.2 trillion European fiscal bazooka and the emergence of China as tech race leader are upending global flows of money, marking a potential turning point for investor capital away from the US.
China unlocked more stimulus this week and promised greater efforts to cushion the impact of an escalating US trade war. Hours earlier, Germany’s likely next government agreed on the biggest overhaul to fiscal policy since the country’s reunification.
In response, German bonds cratered in the most dramatic selloff in decades, as 30-year yields DE30YT=RR shot up by a quarter of a percentage point on Wednesday, with the selloff entering a second day yesterday.
Meanwhile, US economic data points to a weakening, and the trade war unleashed by US tariffs that kicked…
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Star South Africa (Digital) - 1 Issue, 2025-03-07