Global stocks edge higher as Trump tries to soothe trade tension
Emerging-market currencies were big casualties in the latest US-China flare-up, with the yuan falling to an 11-year low
26 August 2019 - 14:56
London — Stock markets clawed themselves off their lows on Monday but sentiment remained fragile after the latest flare-up in the US-China trade war sent investors scrambling into government bonds and battered emerging-market currencies.
European equity markets had looked set to follow their Asian counterparts deep into the red but recovered when US President Donald Trump said China had contacted Washington overnight to say it wanted to return to the negotiating table. Beijing called for calm...
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