LONDON - European shares fell on Wednesday as the deadline approached for new U.S. tariffs on Chinese goods, while two major central banks held policy meetings.
The White House’s top economic and trade advisers are expected to meet in coming days with Trump over the decision, a source told Reuters, though a final decision has not been made. The MSCI world equity index, which tracks shares in 47 countries, was flat. Wall Street futures suggested little change in U.S. stocks.
In the Middle East, Saudi Aramco shares opened 10% above their initial public offering price in their first day of trading after their record IPO. That gave the state-controlled oil company a market value of about $1.88 trillion, making it the world’s most valuable listed company. The European Central Bank will hold its first meeting and news conference with Christine Lagarde as president on Thursday.STERLING SLIPS
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