Global stock bourses face trade war headwinds
Table courtesy of TradingEconomics. com
USAGOLD note: It is not unusual to see the majority of stock bourses all down on the same day. What is unusual about today’s market action, though subdued compared to what it could be, is that it started in Asia, carried over to Europe and spilled over to the NYSE opening this morning. Usually it is the other way around – starting in New York and moving to Asia, then Europe. The cross-border trend has to do with the escalating trade wars and shows that the damage sustained has been and will be global in scope. As a stock investor, in other words, you can run but you can’t hide – a circumstance likely to drive capital into gold and other safe haven assets as investors look for a place to take shelter.