Global stocks stall on trade talk uncertainty, German data hits euro

NEW YORK - Global stocks held near the unchanged mark on Thursday, as investors looked for more detailed signs of progress in U.S.-China trade talks while disappointing economic data out of Germany knocked the euro.

U.S. President Donald Trump said on Thursday trade talks with China were going well and he would only accept a “great” deal as negotiators hammered out differences ahead of a meeting between Trump and China’s vice premier later in the day. “Unless it is just an outrageous deal, anything within the normal range of expectations is built in.”

It compounded signals that Europe’s largest economy has had a soft start to the year, held the euro near $1.12 and sent German Bund yields back below zero.Shares in Europe also to snap a four-day streak of gains, as the STOXX 600 pulled back from eight-month highs. The pan-European STOXX 600 index lost 0.27% and MSCI’s gauge of stocks across the globe gained 0.01%.

But pro-Brexit lawmakers in Britain’s upper house of parliament tried to stop the approval of a new law that would force May to seek a delay to prevent a disorderly EU exit on April 12 without a deal, underscoring the contentious nature of the process.

it'll tank about 6 months before the election

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