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Global stocks, oil edge higher on muted trade optimism
World stocks edged higher on Friday and oil prices recovered from bruising falls, after U.S. President Donald Trump nurtured muted hopes of progress in U.S.-China talks while concerns over trade and the health of the world economy persisted. Trade tensions have roiled global markets this week with the MSCI All Country index up 0.2% on the day but in line for a more than 1% fall in its third week in the red, their longest losing streak since a rout in December. In overnight comments, Trump also labelled Chinese telecommunications giant Huawei Technologies Co Ltd "very dangerous" while adding issues with the firm might be resolved within the framework of a broader trade deal, though no high-level talks have been scheduled.
https://finance.yahoo.com/news/asian-shares-four-month-low-011829082.html?.tsrc=rss
World stocks edged higher on Friday and oil prices recovered from bruising falls, after U.S. President Donald Trump nurtured muted hopes of progress in U.S.-China talks while concerns over trade and the health of the world economy persisted. Trade tensions have roiled global markets this week with the MSCI All Country index up 0.2% on the day but in line for a more than 1% fall in its third week in the red, their longest losing streak since a rout in December. In overnight comments, Trump also labelled Chinese telecommunications giant Huawei Technologies Co Ltd "very dangerous" while adding issues with the firm might be resolved within the framework of a broader trade deal, though no high-level talks have been scheduled.
https://finance.yahoo.com/news/asian-shares-four-month-low-011829082.html?.tsrc=rss
