
Europe will pay a ‘big price,’ Trump warns on tariffs
Republican U.S. presidential candidate Donald Trump said on Tuesday the European Union would have to “pay a big price” for not buying enough American exports if he won the Nov. 5 election.
Republican U.S. presidential candidate Donald Trump said on Tuesday the European Union would have to “pay a big price” for not buying enough American exports if he won the Nov. 5 election.
Mixed U.S. indicators overnight, showing a loosening U.S. jobs market but a confident consumer, provided little clarity on the outlook for Federal Reserve easing, allowing the greenback to drift lower with Treasury yields on Tuesday following a strong seven-year note auction.
Gold prices hit a record high in Asian trade on Wednesday as safe haven demand was boosted by increased political uncertainty in the U.S. and Japan, as well as anticipation of more cues on interest rates.
This trade picked up in recent weeks as prediction markets largely favored a Trump victory, while polls pointed to a tightly contested election. Analysts said the election was still too close to call.
ANZ Group has unveiled an organisational overhaul, with an aim to streamline operations and enhance data analytics, the Australian lender said on Wednesday as it sought to address regulatory woes surrounding its oversight of certain operations.