Global stock markets were mostly lower on September 3 amid revived jitters over U.S.-Chinese tre tension and wrangling by British lawmakers over wher to try to postpone leaving European Union. Benchmarks in London, Frankfurt and Hong Kong declined. Shanghai closed lower. Tokyo was little changed.

Re: Tre War: Asian Stocks Mixed After US, China Impose New Tariff Hikes

tariff hikes

Investor optimism about U.S.-Chinese talks this month aimed at ending a tariff war was shaken by a Bloomberg News report that tre envoys were struggling to agree on a schedule. report is a reminder “of tremendous gulf between U.S. and China in reconciling ir differences over tre, leaving global ecomy hanging in balance,” Han Tan of FXTM said in a report. Markets h reacted less strongly to last weekend’s U.S. and Chinese tariff hikes in a fight over tre and techlogy.
President Donald Trump has sounded optimistic about negotiations over China’s tre surplus and complaints Beijing steals or pressures companies to hand over techlogy. But re is indication eir side is willing to break a delock in talks by offering concessions. On Sunday, United States started charging a 15% tariff on about $112 billion of Chinese products. China responded by charging tariffs of 10% and 5% on a list of American goods.

Re: Surveys Show China Manufacturing Demand Weak Amid Tre War With US

U.S.-China ecomy is hit

With tariff hikes, Benchmark U.S. crude lost 74 cents to $54.36 per barrel in electronic tring on New York Mercantile Exchange. contract fell $1.61 on Monday to close at $55.10. Brent crude, used to price international oils, retreated 59 cents to $58.07 per barrel in London. It sank 69 cents previous session to $58.66. dollar retreated to 106.06 yen from Monday’s 106.22 yen. euro declined to $1.0948 from $1.0969.

Re: In Escalating Tre War With China, US Consumers May See Higher Prices

Britain's ecomic state of affairs post-Brexit and tre war

Britain’s Parliament was due to reconvene after Prime Minister Boris Johnson’s office said he would call an early election if his opponents pass legislation that would block his plans to leave EU by an Oct. 31 deline. Opposition parties are challenging Johnson’s plan to withdraw from European market of 500 million people even if two sides haven’t agreed on terms for future tre and travel. In early tring, London’s FTSE 100 was off 4 points at 7,278.30 and Frankfurt’s DAX lost 0.4% to 11,908.80. France’s CAC 40 retreated 0.4% to 5,469.29. On Monday, FTSE 100 rose 1.1% and CAC 40 ded 0.2%. DAX was 0.1% higher.

Re: Trump Hits Back At China With More Tariffs Amid Escalating Tre War

Stocks low in  rest of  world  

On Wall Street, future for benchmark Standard & Poor’s 500 index was off 0.6% with tring due to resume after a three-day weekend. That for Dow Jones Industrial Aver was down 0.7%. In Asia, Shanghai Composite Index closed up 0.2% at 2,930.15 and Tokyo’s Nikkei 225 was 5 points higher at 20,625.16. Hong Kong’s Hang Seng gained 0.4% to 25,527.85. Seoul’s Kospi shed 0.2% to 1,965.69 and Sydney’s S&P-ASX 200 lost 1.5% to 6,573.40. India’s Sensex fell 1.6% to 36,731.51. Similarly, New Zealand and Singapore vanced while Taiwan, Indonesia, and Philippines retreated. Similarly, Reserve Bank of Australia held its benchmark interest rate stey at 1% at its September board meeting. A bank statement cited risks to global growth from U.S.-Chinese tariff war and uncertainty over Australian consumer spending.

Re: China Doing Very Poorly As A Result Of Tre War: Donald Trump