Source: International Business Times
Senate Minority Leader Chuck Schumer dropped his threat to block a spending bill that is aimed at keeping the government running AFP Asian investors fought Friday to grind out gains at the end of a painful week for markets as they welcomed signs US lawmakers will avert a government shutdown but remained fearful over Donald Trump's trade war. Equities have been pummelled in recent weeks and gold pushed to a record high by concerns about a US recession as the president hammers trading partners with swingeing tariffs while billionaire ally Elon Musk slashes federal jobs at home. In the latest salvo, Trump threatened to impose 200 percent tariffs on wine, champagne and other alcoholic beverages from European Union countries in retaliation against the bloc's planned levies on American-made whiskey.
