President Trump tries a new tack to unsettle the Fed

The US President attempted to sack Federal Reserve Board Governor Lisa Cook yesterday – a move that saw the dollar fall and gold gain. These moves were somewhat reversed when Governor Cook’s lawyer called the action illegal and lacking proper process and Cook vowed not to quit. Trump was also in the news for threatening “200% tariffs or something” on China if it does not export rare-earth magnets to the US. European markets closed Monday lower with the CAC 40 down more than 1.6% after the country’s Prime Minister announced that he will seek a confidence vote in parliament next month over the government’s budget plans. US markets also traded lower on Monday following Friday’s rally, and Asia followed suit with the exception of China’s CSI 300 which traded marginally higher. Richard Tang, Head of Equity Research Asia, shares his thoughts on the recent Chinese equity rally and explains why he now believes that A shares should outperform H shares. He also provides insights into his preferred sectors for those looking to get on board. 

• (00:00) - Introduction: Mike Rauber, Product & Investment Content
• (01:05) - Markets wrap-up: Bernadette Anderko, Product & Investment Content
• (07:07) - Asia update, including China: Richard Tang, Head of Equity Research Asia
• (12:27) - Closing remarks: Mike Rauber, Product & Investment Content

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