Global stocks lift as oil price recovers
Asian markets are torn between fears of a more protracted US-China trade war and hopes the two largest economies will reach a deal soon
London — World stocks edged higher on Friday and oil prices recovered from bruising falls, after US President Donald Trump nurtured muted hopes of progress in US-China talks while concerns over trade and the health of the world economy persisted. Trade tension has roiled global markets this week with the MSCI all country index up 0.2% on the day but in line for a more than 1% fall in its third week in the red, their longest losing streak since a rout in December. In overnight comments, Trump also labelled Chinese telecommunications giant Huawei “very dangerous” while adding issues with the firm might be resolved within the framework of a broader trade deal, though no high-level talks have been scheduled. Asian bourses were torn between fears of a more protracted US-China trade war and hopes the world's two largest economies would reach a deal soon. China mainland blue chips and Hong Kong stocks climbed around 0.3% while Japan's Nikkei fell 0.2%. European stock markets were more upbe...
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