Markets Insights

All eyes on outcome of Trump-Xi meeting in Osaka

An Iranian reading the Sazandegi newspaper with a picture of a US drone and headline in Persian reading "Defence from Iran border" in Teheran last Saturday. Tensions in the Middle East may play a part in market developments this week. PHOTO: EPA-EFE
An Iranian reading the Sazandegi newspaper with a picture of a US drone and headline in Persian reading "Defence from Iran border" in Teheran last Saturday. Tensions in the Middle East may play a part in market developments this week. PHOTO: EPA-EFE

Meanwhile, US Fed's dovish stance boosts investors' hopes of rate cuts to spur growth

Investors breathed a sigh of relief last week as the US Federal Reserve signalled a dovish stance, confirming earlier suspicions that rate cuts might be on the horizon to stem slowing economic growth.

Moreover, optimism also returned thanks to the US and China agreeing to meet over trade issues at the Group of 20 summit in Osaka on Friday and Saturday.

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A version of this article appeared in the print edition of The Straits Times on June 24, 2019, with the headline 'All eyes on outcome of Trump-Xi meeting in Osaka'. Print Edition | Subscribe