US stocks slipped on Thursday on potential global trade war fears.However Dow Jones industrial average advanced 0.5% to 24873.66.The S&P 500 slid 0.1% to 2747.33.The Nasdaq composite fell 0.2% to.
U.S. stocks plunged more than 2% on Friday amid fears of an all-out trade war between China and the united states. disappointing job numbers also undermined investor sentiment after a rocky week of trade.
US stock futures were pointing to modest gains, with lingering worries over a possible US – China trade war, despite expectations that the two countries will spend about six months negotiating trade.
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And, while Mexico’s average aggregate growth rate of 2-3 percent during the NAFTA era is respectable and in step with Canada and the United States, this is well below the average growth rate for other Latin American emerging markets like Argentina, Chile, and Peru during the same time period; it obviously pales next to China’s 9 percent average annual growth rate.
Chinese vice premier Wang Yang on Thursday stressed the need to improve policies to push foreign trade growth to a new level."The slowdown in foreign trade growth is a reflection of China’s new normal economic expansion, but our competitive edge still remains and we have the foundation for steady trade growth for a long term," Wang said at a.
US stocks are poised to receive another drubbing on Friday after President Donald Trump further stoked concerns by declaring that trade wars can be ‘good’. A day after announcing plans to slap.
Looking ahead, the May edition of US labor-market data headlines the economic calendar. asia pacific bourses curiously brushed off trade war jitters and futures tracking US and UK equities.
Global Stocks Higher but US-china concerns linger, Bitcoin Conquers $7000 It’s remarkable how the initial euphoria from the US-mexico trade deal has been slightly overshadowed by growing.
2. Oil higher on declining U.S stocks, but trade war worries linger. Oil prices are small better bid after U.S inventory reports showed a bigger-than-expected decline in crude stocks, although concerns that the Sino-U.S trade war will trigger a global economic downturn is capping gains.