Global stocks inch up on trade hopes but growth fears cap gains

TOKYO - Global shares edged up on Tuesday after U.S. Treasury Secretary Steven Mnuchin confirmed U.S.-China trade talks will resume next month, but lingering concerns about slowing global growth reduced the overall appetite for riskier assets.

Japan’s Nikkei was up 0.2% after a market holiday on Monday while European shares are also on track to open higher, with pan-European Euro Stoxx 50 futures up 0.26%, German DAX futures up 0.24% and FTSE futures up 0.33%. “It seems there have been a lot going on behind the scenes,” he said, referring to unusual exchanges in which U.S. President Donald Trump questioned a decision by his top trade negotiators to ask Chinese officials to delay a planned trip to U.S. farming regions.

Concerns over a slowing global economy remained front and center for financial markets, hurting earnings estimates, as poor business activity readings from the euro zone deepened fears of a recession and suggested more stimulus was required. The euro wobbled at $1.0987, falling below a key support around $1.10 and not far from a 28-month low of $1.0926 touched earlier this month.

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Global Stocks Slip as Trade Talks FalterGlobal stocks retreated amid fading optimism around U.S.-China trade negotiations as the two countries signaled an agreement remained out of reach. If we dumped Trump the market would soar Maybe you should rethink this “deal” thing. The real “deal” is that the trade tariffs are giving a rise in our economy because we are paying higher prices for everything. A nutshell. You pay more trump looks good. No thanks are necessary. And seriously disappointing Eurozone PMIs. Manufacturing is in a recession globally, likely to spread to other sectors or at the very least dent their growth.
Source: WSJ - 🏆 98. / 63 Read more »

Stocks close little changed amid worries about the global economyStocks lost steam into the close today to finish little changed. The Dow closed up 15 points. The S&P 500 slid 0.01% and the Nasdaq fell 0.06%.
Source: CNBC - 🏆 12. / 72 Read more »