World markets steady after Trump’s trade-tariff threat
US-China talks are to continue this week; the Nikkei falls as markets re-open after 10-day break and Turkey’s lira troubles mount
London — World markets steadied on Tuesday after being rattled by US President Donald Trump’s latest threat to ramp up trade tariffs on China, though Turkey’s lira was back in trouble as concerns about its politics erupted again. It was a calmer start from Europe’s main bourses after Trump’s threat to ratchet up tariffs on hundreds of billions of dollars of Chinese goods triggered the biggest sell-off in European equities since March. London dipped 0.2% as it had to play catch-up after a long weekend, but Frankfurt, Paris and the pan-European Stoxx 600 index all flitted between gains and losses as more normal service resumed. Some investors are holding out hope that the tariff threats are a negotiating tactic, especially as Beijing confirmed its top negotiator, vice-premier Liu He, would go to Washington on Thursday and Friday as planned. MSCI’s broadest global and Asian indicies had largely held their ground overnight, though Japan’s Nikkei did take a delayed 1.5% hit, having been ...
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