Traders in the Asia-Pacific region are braced for a turbulent day after the inverted US bond yield curve sent alarm bells ringing around the world 2.54am BST Unemployment stayed at 5.2% in July, according to seasonally adjusted figures from the Australian Bureau of Statistics released a few minutes ago. But the market was cheered by stats that showed 41,000 jobs were created last month against a forecast of 14,000. The Aussie dollar picked up 0.4% to US67.75c. https://t.co/e0cl5ktHIh AUD/USD jumps 30 pips on the upbeat Australian jobs report 2.47am BST The Hang Seng index has opened down 1.4% this morning. That’s a fall of 365 points today and it takes the index below 25,000 to 24,945.The Hang Seng been battered by concerns about the growing political crisis in the city – the deepening fears about a slowdown in the Chinese economy won’t help. Related: Trump warns ‘good man’ Xi to treat Hong Kong humanely or risk trade deal Continue reading…
Via: Shares fall steeply in Asia as financial markets rocked by recession warnings – business live
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PIERS MORGAN: A phone call I received from a fired-up Trump should be a warning to Democrats
President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…