Business Insider.
Good morning! Here's what you need to know in markets on Wednesday.
1. Bridgewater Associates, the world's largest hedge fund, is sounding the alarm on nearly every financial asset. "We are bearish on almost all financial assets," the firm said in a note to clients last week that was seen by Business Insider and first reported by ZeroHedge. "Markets are still pricing in Goldilocks conditions, compounding the risks."
2. China has floated a massive purchase of US goods, according to a new report, in an effort to curb burgeoning trade tensions with the Trump administration. According to Lingling Wei and Bob Davis at The Wall Street Journal, Chinese officials in a meeting with Commerce Secretary Wilbur Ross over the weekend offered to purchase close to $70 billion worth of US goods in the next year if the US backs off proposed tariffs on imports of Chinese products.
3. The White House press secretary, Sarah Huckabee Sanders, on Tuesday announced that President Donald Trump and North Korean leader Kim Jong Un would meet at the Capella Hotel on Sentosa Island in Singapore on June 12. "The venue for the Singapore summit between @POTUS and Leader Kim Jong Un will be the Capella Hotel on Sentosa Island," Sanders tweeted. "We thank our great Singaporean hosts for their hospitality."
By Will Martin.
Full story at Yahoo News.
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