Wall Street just had a record first half.
The first six months of 2019 may well prove to be the best first half of a year ever — and one that not even the most wily investor would have predictedslugging it out in a full-blown trade war
Wall Street is up 18 percent, Europe 13 percent and China has jumped 20 percent. Oil has raced almost 25 percent higher following its best first quarter since 2009, and gold is scaling a six-year high. A mirror image of 2018 when almost everything fell? Perhaps. But there have been two important drivers.
U.S. Treasuries, the world's benchmark government IOUs, have made a whopping 7 percent as their yields have fallen almost 70 basis points this year. That followed a 37 basis point fall the last quarter of 2018, whereas in the five quarters prior to that they had consistently risen.More risky high-yield debt, local-currency emerging market bonds and corporate debt have all brought in between 8-9 percent, and currency markets have been on the turn too.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal court says Trump's use of military funds for wall 'unlawful'The Trump administration had planned to access $2.5 billion in military funding to construct portions of a wall along the U.S.-Mexico border.
Read more »
Judge bars Trump from using $2.5B to build border wallA federal judge on Friday prohibited President Donald Trump from tapping $2.5 billion in military funding to build high-priority segments of his prized border wall in California, Arizona and New Mexico. Judge Haywood S. Gilliam, Jr. in Oakland acted in two lawsuits filed by California and by activists
Read more »
India wall collapse kills 15Police in Pune, India, are investigating the collapse of a wall that left two children and 13 other people dead. 'Whoever is responsible, firm action will be taken against them,' the police commissioner said.
Read more »
Meet the Icons of Taipei’s Renowned Street Food Scene'If you’re going to sell food in Taipei, it’s gotta be delicious or Taiwanese people won’t come. Look at that line, they’re all Taiwanese — you can’t trick Taiwanese people' — Lin Yueh-jin, Mama Liu's Rice Rolls
Read more »