World stock index edges lower as US-China trade war weighs on sentiment
Equity markets also feel the pressure of the US-China trade dispute; emerging-market shares and currencies are both under pressure
New York — A broad index of world stock markets edged lower on Tuesday as it struggled to maintain momentum amid lingering concerns over a trade dispute between Washington and Beijing. MSCI's index of global equities edged 0.17% lower on the day as investors awaited action from US President Donald Trump after the expiry of a deadline for public comment on additional tariffs on Chinese goods. The pan-European FTSEurofirst 300 index lost 0.13%. The Dow Jones Industrial Average rose 18.22 points, or 0.07%, to 25,875.29; the S&P 500 gained 0.28 points, or 0.01%, to 2,877.41; and the Nasdaq Composite dropped 2.09 points, or 0.03%, to 7,922.07. "The fact that Trump still hasn't announced the tariffs yet, as expected, has prompted a bit of cautious optimism, but it's not a problem that's going to go away," said CMC Markets analyst Michael Hewson. Emerging markets remained under pressure, with the broad MSCI index of those countries currencies down near 16-month lows and the Indian rupee ne...
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