European stocks and the dollar dented by G20 pessimism
Most analysts don’t hold out much hope of this week’s summit producing any meaningful agreement between the US and China
London — European stocks stumbled and the dollar dropped to three-month lows on Monday as hopes waned for progress in Sino-US trade talks at this week’s G20 meeting and fears grew of a confrontation with Iran.
Investors are waiting to see if Presidents Donald Trump and Xi Jinping can de-escalate a trade war that is damaging the global economy and souring business confidence. The leaders will meet during a G20 summit in Japan...