Global stocks mixed on US profit-taking, a European rally and China opening up
European shares are near a four-month peak as the dollar eases off highs and oil rises to $80 a barrel
New York — Global stocks were mixed on Tuesday as Wall Street investors locked in recent gains while European shares approached four-month peaks as pressure eased on Italy’s debt markets and as China moved to further open up its economy. Washington is close to an agreement to lift its ban on US firms supplying to Chinese telecoms gear maker ZTE, sources said, while Beijing said it would steeply cut import tariffs for automobiles and car parts. This boosted automotive stocks, with Ford, General Motors (GM), and US-listed shares of Fiat up between 1% and 2.4%. Europe’s big car makers Volkswagen (VW), BMW and Daimler jumped 1 to 1.6%, too. The Dow Jones Industrial Average fell 9.25 points, or 0.04%, to 25,004.04, the S&P 500 gained 6.02 points, or 0.22%, to 2,739.03 and the Nasdaq Composite added 13.49 points, or 0.18%, to 7,407.52.lost 0.18. "The market is taking very well to what appears to be the fact that [US President Donald] Trump is able to manoeuvre the trade talks in our favou...
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