About this episode
Another day of wild market gyrations. Better-than-expected Chinese trade numbers drive Asian markets higher despite a drop in U.S. imports. China's central bank sets the yuan mid-point weaker than the key 7-per-dollar level for the first time since 2008. Over on Wall Street the Dow plunges by almost 600 points before clawing back most of the losses while the S&P 500 posts its biggest comeback in 18 months. Global bond yields fall as the flight to safety accelerates with the yield on the U.S. 10-year note touching its lowest level since October 2016. News that Saudi Arabia is collaborating with producers to arrest the price slide sees oil rallying following a near-5 per cent drop. And the earnings season continues with numbers due from Deutsche Telekom, ThyssenKrupp, Adidas and Zurich Insurance. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .