Asian markets squeezed out gains Tuesday, giving investors some relief from a recent sell-off fuelled by worries that US interest rates will go higher than feared following last week's blockbuster jobs report. He told Bloomberg News: "I would expect that that would translate into us raising interest rates more than I have projected right now."
Stocks extended gains Tuesday on further signs that China-US trade tensions were easing, with Tokyo hitting another record as Japan prepares to swear in a new prime minister and bring an end to a period of political uncertainty.
US President Donald Trump signed a deal on rare earth minerals Monday with Australian Prime Minister Anthony Albanese, and said Washington's key ally would get its coveted nuclear-powered attack submarines.
Argentina and the United States signed off on a $20 billion financial lifeline Monday, hoping to avert economic meltdown and boost President Javier Milei ahead of tough legislative elections. President Donald Trump has plied Argentina with political and economic support ahead of the October 26 vote, which will decide whether his close ally Milei can force through labor, tax and pension reforms.
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