Loading...

Finance

Top economist lowers recession risk for 2020 but says hurdles remain

Top economist lowers recession risk for 2020 but says hurdles remain

A top Wall Street economist is lowering his recession forecast.But Barclays’ Michael Gapen warns it’s too early to give the U.S. economy the all-clear.“We do need to get over some of these hurdles that are a problem for business-sector spending of which is both U.S.-China trade concerns as well as things like Brexit an...

European stocks advance amid US-China trade hopes

European stocks advance amid US-China trade hopes

The pan-European Stoxx 600 climbed 0.7% in early deals, with basic resources adding 1.9% to lead gains as all sectors and major bourses entered positive territory.U.S. National Security Advisor Robert O’Brien on Saturday said a so-called “phase one” deal with China could still be reached by the end...