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RSS FeedsMarkets rally despite rising trade war tensions - business live
(The Guardian China)

 
 

4 june 2018 09:56:10

 
Markets rally despite rising trade war tensions - business live
(The Guardian China)
 


All the day´s economic and financial news, as G7 ministers blast America over president Trump´s tariffsG7 finance ministers: US are undermining global tradeFrance: It´s more like G6 +1 No progress in US-China trade talksEuropean stock markets are up this morningComing up: Survey of UK builders 8.53am BST France´s president, Emmanuel Macron, could have a showdown with Donald Trump over trade at this week´s G7 summit, according to French officials.Reuters has the details:The work agenda for the G7 summit in Quebec, Canada this week has been complicated by the United State´s stance on trade, climate change and foreign policy, a source at the French president´s office said on Monday.`The U.S. position on certain issues could make negotiations on the final conclusion (of the summit) tricky,` the source said, citing foreign policy moves such as the U.S. withdrawal from the Iran nuclear deal and the transfer of the U.S. Embassy in Israel to Jerusalem.FRENCH PRESIDENT MACRON AND TRUMP EXPECTED TO HOLD TALKS ON SIDELINE OF G7 SUMMIT - ELYSEE PALACE SOURCE 8.43am BST The latest trade war tensions have had `remarkably little´ impact on the markets, says Connor Campbell of City firm SpreadEx:Carrying over last Friday´s robust relief rally, investors continued to ignore the trade tensions sprouting out of the US in favour of celebrating the improved political situation in the Eurozone.A feisty G7 meeting over the weekend, with US Treasury secretary having to fend-off his furious European and Canadian peers as they vented about last week´s tariff announcement from Trump, and news that the US and China made no progress in their latest negotiations, had remarkably little impact on Monday´s trading. 8.38am BST Kit Juckes, currency expert at Societe Generale, says there are plenty of events that could spook the markets this week.The list includes this week´s G7 leaders meeting, central bank meetings in Turkey and Australia, a confidence vote for Italy´s new populist government, a ...


 
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