US EditionStocks mixed as global markets eye US-China tariff talks
- Global stocks showed mixed performance on Friday as markets awaited US-China trade talks scheduled for the weekend in Switzerland.
- These discussions take place amid ongoing tariff conflicts between the United States and China, the top two global economic powers, who have recently imposed triple-digit tariffs on each other's goods.
- European and Asian stock markets mostly advanced, with Frankfurt’s DAX climbing to a new peak near 23,543 points, while Shanghai experienced a decline; meanwhile, oil prices rose amid optimism about reduced geopolitical tensions.
- Art Hogan, a strategist at B. Riley Wealth Management, described the day as a classic example of market participants adopting a cautious "wait and see" approach ahead of upcoming discussions.
- The talks could lead to a reduction from current tariffs, as President Trump mentioned lowering China's tariff to 80 percent, creating optimism for further global agreements.
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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 Sources52
Leaning Left7Leaning Right11Center11Last UpdatedBias Distribution38% Center, 38% Right
Bias Distribution
- 38% of the sources are Center, 38% of the sources lean Right
38% Right
L 24%
C 38%
R 38%
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