World stocks waver amid turmoil in the White House and trade-war worries
Milan — World stocks wavered and the dollar eased on Friday as turmoil in the US administration kept markets watchful at the end of a week scarred by concerns that US tariffs could provoke a trade war. The MSCI All-Country World index, which tracks 47 countries, was flat after three straight sessions of losses and was set for a weekly fall of about 0.6%. European shares found some support in deal-making activity, although the STOXX 600 was on track for a 0.2% weekly loss. That followed losses in Asia and Wall Street overnight. The New York Times reported that US special counsel Robert Mueller had issued a subpoena for documents, including some concerning Russia, related to US President Donald Trump’s businesses. "Trump isn’t giving markets much respite," said Rabobank analyst Bas van Geffen in a note. "While still vague, at best, the subpoena does bring the investigation yet another step closer to the President. Markets certainly didn’t like the added uncertainty." The Washington Po...
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