Global markets stall ahead of US-China trade deal signing
Europe drops after world stocks hit a record high in Asia; in emerging markets, the rand and Turkish lira feel the most pain
London — Europe’s markets endured some weakness on Tuesday, as traders cashed in on recent record highs and waited for a long-awaited US-China trade deal and the first flurries of the Wall Street earnings season.
It had been smooth sailing in Asia. MSCI’s world stocks index set a new record high after reassuring Chinese data and Washington saying it no longer deemed Beijing a currency manipulator, but Europe’s open saw the currents turn...