My father’s words still ring loud a couple of decades later. “No one wins a war.” We were talking about military conflicts, yet those same five words are just as true for a trade war. US President Donald Trump clearly has other ideas. “Easy to win,” he says! One has to wonder how the US will prevail in a trade ...

As if a brewing trade war wasn’t enough to worry about, investors also need to be alert to the threat of a major currency conflict. Norihiro Takahashi, president of Japan’s Government Pension Investment Fund, dismissed Donald Trump’s tariffs plan as a “performance” for his supporters, and said US assets are no longer expensive, in an interview with The Wall Street ...

This past weekend was not only an important date for two large European countries, but also for markets. In Germany, the Social Democrat Party said its members decided to join a coalition government led by Christian Democrat Chancellor Angela Merkel, enabling Merkel to form a new pro-Europe government. In Italy, voters decided not to give any political party a majority ...