(Bloomberg) — The U.S. is starting to overtake China in the trade war, at least in financial markets.Treasuries have held on to this year’s rally, the dollar remains strong despite three interest-rate cuts and U.S. stocks have been notching a string of records. Meanwhile, Chinese shares, the yuan and the country’s government bonds have recently struggled to find momentum.The outperformance has been especially notable in the past months, with the S&P 500 Index trading at its priciest multiple ever relative to the Shanghai Composite Index.It highlights the diverging forces driving sentiment in the countries’ financial markets: the Federal Reserve’s dovish …read more
Source:: Yahoo Finance
