Stocks mixed as global markets eye US-China tariff talks
- On Friday, global stock markets displayed varied performance as investors anticipated the upcoming US-China trade discussions scheduled for the weekend in Switzerland.
- The meeting follows recent imposition of three-digit tariffs by both countries amid a trade war between the world's largest economies.
- European and Asian markets mostly rose with Frankfurt's DAX hitting a fresh high while Shanghai declined and oil prices increased on easing trade tension hopes.
- US President Donald Trump expressed support for imposing an 80 percent tariff on China, describing it as appropriate, while analysts welcomed the recent US-UK trade agreement with cautious optimism about future global deals.
- Investors anticipate limited breakthrough in talks and expect inflation data to influence market direction, with the potential for further global trade deals raising optimism.
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Investors pull back from global equities amid U.S.-China trade concerns
Global equity funds attracted the smallest weekly inflows in four weeks in the week through May 7, amid concerns about the impact of tariffs on the global economy and as investors awaited anticipated U.S.-China trade talks for more clues. According to LSEG Lipper data, investors bought just $856 million worth of global equity funds during the week, when compared with their $6.13 billion worth of net purchases in the previous week. European equit…
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Total News Sources40
Leaning Left7Leaning Right7Center11Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 28%
C 44%
R 28%
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