Stocks lose steam as threats to growth end relief rally

LONDON - Stocks eked out meager gains on Tuesday amid worries the global economy was faltering after data showed manufacturing activity slowed last month, weakening appetite for risk.

Stocks had rallied globally after the United States postponed imposing another round of tariffs on Chinese products and the two countries agreed to continue negotiations on trade. The pan-European STOXX 600 index was up 0.2%, although plane maker Airbus dropped 1% as the United States stepped up pressure in the long-running dispute over aircraft subsidies. [.EU]

“The problem is the widening of the dispute. Europe, the U.S. and China account for almost two thirds of global GDP,” he said. “An ongoing disruption to trade between these three major economies, prosecuted for domestic political purposes, could sink global growth.”Earlier, MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.28%, helped by a 1.23% gain in Hong Kong shares as investors caught up to Monday’s global rally. Markets in Hong Kong had been closed on for a holiday.

Trump is causing chaos and termoil and his once promise of unfettered lawless trading like the good ol days is passing. Democrats PeteButtigieg 🇺🇸 2020 will restore law and order to the SEC and once again they will have the law on their side.

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