World stocks drift off recent highs over global growth worries

A financial trader at his desk at CMC Markets in the City of London, Britain, on April 11 2019. Picture: REUTERS/PETER NICHOLLS

European markets made a subdued start, mirroring a disappointing day for Asian bourses that broke four days of gains. European stocks fell 0.4%, with bourses in London and Frankfurt losing ground, though Paris held steady. Looming in the background have been concerns of a retreat to protectionism, with US President Donald Trump threatening new tariffs on the EU n while the China-US trade dispute rumbles on.

The Easter holidays are ahead, and Japan is due for an unprecedented 10-day break from late April to mark the ascension of its new emperor — the longest hiatus ever for the country’s share and bond markets.After the dovish monetary signals, the dollar hovered near two-week lows and the euro was trading flat. Sterling was also struggling for direction after EU leaders extended the deadline for Britain to leave the bloc to October 31.

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Load shedding expected to weigh down on SA's growth: World Bank - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The World Bank says load shedding in the month of March is expected to weigh down on South Africa's growth outlook in the short-term.
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