New York — Stock markets around the world fell on Wednesday and declines in emerging markets accelerated as a deadline in the US-China trade conflict loomed and US-Canada trade talks were due to resume. Weakness in emerging-market currencies helped support the dollar, even as sterling rebounded off a two-week low on hopes of a breakthrough in Brexit talks. This optimism came after a Bloomberg report said Britain and Germany were prepared to drop a key sticking point in the Brexit negotiations. US treasury prices gained slightly as emerging-market stock weakness boosted demand for low-risk US government debt, though pressure from a heavy corporate debt-supply calendar limited gains. A public comment period on the possibility of fresh US tariffs on another $200bn worth of Chinese goods ends on Thursday, with expectations that the additional levies will be imposed by US President Donald Trump. The US and Canada will also resume discussions on Wednesday on revamping the North American F...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.