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World markets slip on China worries; dollar steady ahead of trade talks

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World markets slip on China worries; dollar steady ahead of trade talks

World markets slip on China worries; dollar steady ahead of trade talks

World shares fell into the red on Monday, with equities markets from Asia to Europe buffeted as Chinese industrial profits fell and investors stayed cautious ahead of a busy week including Sino-U.S. trade talks and the Federal Reserve's policy meeting.

Pascale Davies reports.

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World markets slip on China worries; dollar steady ahead of trade talks

World markets slipped into the red on Monday morning, over fears of a China slump.

Chinese industrial profits fell, causing equities markets from Asia to Europe to follow suit.

The MSCI world equity index, which tracks shares in 47 countries, fell 0.1 percent.

The broader Euro STOXX 600 also fell 0.4 percent and investors are cautious over a momentous week ahead (SOUNDBITE) (German) HEAD OF SPECIALIST FLOOR EQUITIES AT ODDO SEYDLER BANK, OLIVER ROTH, SAYING: "There are plenty of negative topics to deal with: the trade dispute, Brexit, the weakening economy.

At the same time we are seeing a continued lax monetary policy in Europe and that's positive." There could be trouble ahead for China's manufacturers, Industrial firms shrank for a second straight month on Monday.

Investors are now awaiting for the outcome of U.S. China trade talks this week, hoping a trade war between the world's two largest economies comes to an end.

The dollar index meanwhile, clawed slightly higher and is likely to get a strong steer from this week's Fed meeting- which is expected to signal a pause in its tightening cycle.

The dollar's strength meanwhile, caused the Euro to slide at $1.14.

While in the UK, Sterling also drifted lower- ahead of another vote in British parliament which aims to break a Brexit deadlock and avoid a hard crash out of Europe.

The FTSE 100 also slightly lower on Monday, despite a report that the grocer Ocado is in talks about a tie-up with Marks and Spencer, which saw shares in Ocado jump as much as 3.7 percent



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