Asian equities posted a mild bounce on Friday from three-week lows hit the previous day, with persistent worries over the status of trade negotiations between China and the United States limiting the gains.
All three major U.S. stock indexes closed with minor losses on Thursday, as a U.S.-China trade deal looks more complicated. Still, Chinese Vice Premier He Liu is cautiously optimistic and invited his U.S. counterparts to China for more talks.
The S&P 500 and Dow indexes treaded water on Thursday as mixed headlines on U.S.-China relations and a diplomatic row over the Hong Kong protests added to uncertainty over the timing of a "phase one" trade deal.
The dollar rebounded and global equity markets pared losses on Thursday as efforts by China to smooth the path forward in U.S.-Sino trade talks helped sooth investor sentiment, though fears remained that a phase one deal might not occur until next year.
Asian equities rose on Friday, bouncing from a three-week low touched a day earlier, but gains were capped by persistent worries over the status of trade negotiations between China and the United States.
The dollar shook off early weakness to creep higher against other major currencies on Thursday, with investors focussed on the latest developments in a bitter 16-month long trade dispute between the United States and China that has weighed on the world economy.
U.S. soybean futures fell to their lowest in almost two months on Thursday as uncertainty about progress in U.S-China trade talks overshadowed support from stronger-than-expected weekly U.S. export sales, analysts said.
The dollar edged lower against other major currencies on Thursday, with investors focused on the latest developments in a bitter 16-month long trade dispute between the United States and China that has weighed on the world economy.
The dollar held overnight gains on Friday, as investors clung to the safe-haven pending developments in Sino-U.S. trade negotiations and amid a growing scepticism about reports of progress in the talks.
The pound struggled to break through the $1.30-mark yet again on Thursday, as a rebound in the dollar and an election manifesto from the opposition Labour Party that fuelled some profit-taking on the British currency.
Benchmark German bond yields ended a three-day falling streak and drifted higher on Thursday as investors took profits after a rally, although concern over whether the United States and China would sign a trade deal this year capped a spike in yields.
Emerging market stocks fell for a second straight session on Thursday, as a diplomatic row between the United States and China sparked fears of a delay to a deal to end a trade war that has dented global growth and unsettled financial markets.
The Japanese yen firmed against the dollar on Thursday after sources close to the White House told Reuters that a U.S.-China trade deal is unlikely this year, shattering investor hopes of a partial agreement soon and boosting safe-haven assets.
Energy and material stocks buoyed the Australian benchmark index in thin trade on Friday after two sessions of heavy selling, while the outcome of the Westpac board meeting and a major money laundering scandal weighed on sentiment.
European stocks dropped for a fourth straight day on Thursday as mixed headlines about U.S.-China trade talks muted risk appetite, while German conglomerate Thyssenkrupp suffered its worst day in nineteen years after scrapping its dividend.
UK shares were battered on Thursday as a political standoff between the United States and China cast severe doubt over prospects of a trade deal, while mid-cap Royal Mail slumped after its turnaround plan fell behind schedule.
Royal Mail is already running behind schedule with planned reforms as it grapples with threatened labour unrest and a slowing UK economy, it warned on Thursday, sending shares in Britain's former postal monopoly down 17%.
European shares slid to near three-week lows on Thursday after U.S. legislation on Hong Kong added to concerns that a "phase one" trade deal between Washington and Beijing would not be sealed anytime soon.
South Africa's central bank kept its repo rate unchanged at 6.5% in a close decision on Thursday, saying it wanted to see inflation expectations closer to the midpoint of its target range, despite a sustained drop in headline inflation.
European Central Bank policymakers buried the hatchet at their meeting last month, dropping criticism of a money-printing program that had bitterly divided them just weeks earlier, the accounts of the gathering showed on Thursday.
Indonesia's central bank on Thursday kept its benchmark interest rate unchanged, as expected, but lowered the amount of cash that banks must hold as reserves to provide additional liquidity to lenders and support growth.
A divided Federal Reserve that decided to hit pause in its easing cycle following a rate cut in October signaled in minutes of last month's meeting it was in no hurry to reassess the path of interest rates.
Some stocks havent been participating in the great rally off of last years late December lows in fact, a check on whats making the new lows list these days reveals price charts in decline for the better part of quite some time.