G20 nerves hit European stocks, dollar; oil gains

  • 📰 Reuters
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

European stocks stumbled and the dollar dropped to three-month lows on Monday as...

LONDON - European stocks stumbled and the dollar dropped to three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week’s G20 meeting and fears grew of a confrontation with Iran.

However, gains in Asia saw the MSCI regional and global stocks gauges rise again towards last week’s six-week highs. Wall Street also looked in line for more gains after closing lower on Friday. S&P 500 e-minis pointed to a 0.2% rise at the open. Still, most analysts doubt the two sides will come to any meaningful agreement. Tensions are reaching beyond tariffs, particularly after Washington blacklisted Huawei, the world’s biggest telecoms gear maker, effectively banning U.S. companies from doing business with it.

The dollar has led a broad selloff in major currencies as global central banks signaled a dovish outlook on monetary policy amid growing signs of a weak global economy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Another win for America. Go Trump.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks set to open lower as Middle East tensions lingerEuropean stocks are set to open lower Monday as tensions between the U.S. and Iran continue to stoke fears of a military confrontation in the Middle East. this will be a great opportunity for the bears to feed. yum😋
Source: CNBC - 🏆 12. / 72 Read more »