# Markets fall on US-China trade pessimism and Donald Trump's 'impulsive nature' - ABC News

> Australian shares fell for a third straight day as global markets declined on renewed US-China trade pessimism. Traders also reacted to uncertainty around Donald Trump's policy approach. Brent crude and iron ore moved lower while spot gold rose.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/56824-markets-fall-on-us-china-trade-pessimism-and-donald-trump-s-impulsive-nature
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Renewed trade-war fears weigh on demand expectations for agricultural commodities tied to China, and lower crude prices reduce energy and freight cost support. The move is a routine market wrap with no new supply or demand shock.

## Read by commodity

- SOY: bearish ▼
- BRENT: bearish ▼

## Sources

- abc.net.au: https://www.abc.net.au/news/2019-11-01/wall-street-asx-drop-us-china-trade-pessimism-donald-trump/11661336

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.