London — World shares slipped on Friday as a leading index strained for a record high, with nerves gnawing away from Asia to Europe over how, or when, the US and China can agree a truce in their damaging trade war.

The MSCI all country world index, which tracks shares in 49 countries, fell 0.2% to 548.48 points, short of a record 550.63 scaled in January 2018 before the tensions over trade between Washington and Beijing broke out...

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