The rise in inequality is attributed to the shrinking wages of low-income households, and a cut down in temporary positions
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Global Geopolitical Series: Trump’s Huawei intervention comments adds to trade truce positives
Global stock markets upbeat this week after heavy selling in the last, to which the arrest of Huawei’s CFO Ms. Meng contributed, who is also the daughter of the company’s founder contributed as investors expected a backlash to the ongoing negotiations as the clock ticks on the 90-day deadline that expires by March end.
However, this week there was positive news with regard to the trade war between the United States and China, which triggered optimism rally,
Australia’s ASX200 index is up 1.4 percent today as investors ride the optimism, while Hong Kong’s Hang Seng is up 1.9 percent. India’s Nifty, which was hit hard by abrupt resignation by the central bank chief is up almost 350 points, thanks to the optimism. Japanese Nikkei is also up 2.1 percent today, while U.S. benchmark futures are pointing to a higher open by as much as a percent.