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Global Markets: Stocks set for worst week in 3 months on trade war worries
World shares rose on Friday but were set to end a second week lower amid intensifying worries over the fallout of a trade dispute resulting from U.S. tariffs, while oil prices were higher ahead of an OPEC meeting later in the day. Investor anxiety over a possible full-blown trade war has deepened this week over increasingly sharp rhetoric between the United States and China, and growing evidence of the economic damage such a conflict could produce. German carmaker Daimler cut its earnings forecast earlier this week, saying tariffs on cars exported from the United States to China would hurt Mercedes-Benz sales.
https://finance.yahoo.com/news/asian-shares-flirt-6-month-010301634.html?.tsrc=rss
World shares rose on Friday but were set to end a second week lower amid intensifying worries over the fallout of a trade dispute resulting from U.S. tariffs, while oil prices were higher ahead of an OPEC meeting later in the day. Investor anxiety over a possible full-blown trade war has deepened this week over increasingly sharp rhetoric between the United States and China, and growing evidence of the economic damage such a conflict could produce. German carmaker Daimler cut its earnings forecast earlier this week, saying tariffs on cars exported from the United States to China would hurt Mercedes-Benz sales.
https://finance.yahoo.com/news/asian-shares-flirt-6-month-010301634.html?.tsrc=rss
