United Kingdom  

Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

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

Video Credit: Reuters Studio - Duration: 01:45s - Published < > Embed
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.

0
shares
ShareTweetSavePostSend
 

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




You Might Like


Tweets about this


Recent related videos from verified sources

Stocks Fall From Near 6 Month High [Video]Stocks Fall From Near 6 Month High

TOKYO (Reuters) - Asian shares held near 6-1/2-month highs on Friday after upbeat U.S. data and optimism in the tech sector helped calm some of the jitters sparked by the Federal Reserve’s cautious..

Credit: Rumble     Duration: 00:40Published

Tariffs On Chinese Goods Could Last [Video]Tariffs On Chinese Goods Could Last

On Wednesday U.S. President Donald Trump warned that the United States may leave tariffs on Chinese goods for a “substantial period” to ensure that Beijing complies with any trade agreement...

Credit: Wochit News     Duration: 00:33Published

Trade Deal Between the U.S. and China is Likely as Talks Resume, Puzder Says [Video]Trade Deal Between the U.S. and China is Likely as Talks Resume, Puzder Says

With negotiations set to resume between the U.S. and China, author and former CEO Andy Puzder says he is optimistic a deal can be made in this final push for an agreement. “Both sides need a deal,..

Credit: Cheddar Inc.     Duration: 02:09Published

Jim Cramer on Alphabet, FedEx. Disney, Jerome Powell and Disney-Fox [Video]Jim Cramer on Alphabet, FedEx. Disney, Jerome Powell and Disney-Fox

Happy Hump day! Here are some of the headlines that Jim Cramer is watching. Alphabet's Stadia Streaming Real Money's Stock of the Day Alphabet, the parent company of Google , unveiled its new..

Credit: The Street     Duration: 10:01Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.