Global shares gain as hope persists about US-China trade deal
European stock markets improved from six-week lows, with Germany's trade-sensitive DAX index leading the charge with a 1% rise
London — Global stocks made gains on Friday as investors held out hopes for a trade deal between the US and China, even as another round of US tariffs on Chinese goods took effect. European stock markets bounced off six-week lows, with Germany's trade-sensitive DAX index leading the charge with a 1% rise. MSCI's all-country world index, which tracks stocks across 47 countries, was up 0.2% after the start of European trading. But the gauge was set for its worst weekly performance since late December 2018, with a loss of 2.75% as tension around trade ratcheted up again between the US and China. US President Donald Trump's tariff increase to 25% from 10% on $200 billion of Chinese goods kicked in on Friday, and Beijing said it would strike back. Top U.S. and Chinese negotiators are in talks to try to rescue a faltering deal aimed at ending a 10-month trade war between the world's two largest economies. The White House has said the two sides would resume negotiations on Friday morning i...
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