Global stocks stall after Trump's tariffs block US-China trade deal progress

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The first three days of the week saw strong gains for stocks around the world, but sentiment was more muted Thursday.

White House economic advisor Larry Kudlow told reporters Wednesday that"we're not there and we hope this week to get closer,"It comes amid reports that the US could give China until 2025 to meet its obligations surrounding agreed commodity purchases, such as soybeans, and the ability of American firms to wholly own businesses in the country,"Arguably China-US trade dispute is the strongest headwind for the markets to tack, so this trade agreement should continue to provide a...

'if' both sides can agree on the final pieces of this intricate puzzle," according to Stephen Innes, head of trading and market strategy at SPI Asset Management.Europe was in the red Thursday with weak German industrial data continuing to hurt sentiment on the continent after factory ordersUS futures are pointing down with the Nasdaq and S&P 500 trading lower while the Dow is up slightly.

 

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