Non-US equity markets posted the strongest gains last week for the major asset classes, based on a set of exchange-traded products. Meanwhile, real estate investment trusts (REITs) in the US fell for a second week by the close of trading on Friday, July 20.
Trump warns Iran in Tweet: ‘never, ever threaten’ US: Reuters
G-20 finance ministers advise that trade-war risk is rising: NY Times
China: threats and intimidation on trade will never work: Reuters
China says it has no plans for currency devaluation to boost exports: Bloomberg
Trump criticizes Fed rate hikes, but tightening expected to continue: MW
Fed’s Bullard says US yield-curve inversion “has become a real possibility”: MNI
NY Fed’s Q2 GDP nowcast for US ticks down to +2.7%: NY Fed