World stocks slip with few leads from US-China talks


SINGAPORE (AP) — World markets were mostly lower on Friday in the absence of good news as the U.S. and China concluded yet another round of trade talks in Beijing.

France’s CAC 40 rose 0.4 percent to 5,080.31 while the DAX in Germany dipped 0.4 percent to 11,044.17. Britain’s FTSE 100 edged up 0.1 percent to 7,202.54.

Wall Street was set for losses on the open. S&P 500 futures shed 0.3 percent to 2,735.00. Futures for the Dow were 0.4 percent lower at 25,327.00.

European traders were looking out for possible snap elections in Spain. Prime Minister Pedro Sanchez was to make an announcement Friday after his government lost a key budget vote.

American and Chinese officials were to wrap up two days of negotiations in Beijing on Friday. It was unclear if they made headway on prickly issues such as Washington’s unhappiness over Chinese technology and trade policies. Both delegations did not speak to reporters before Friday’s meeting.

Knifeman's Rampage Ends with 7 People Dead

The U.S. is set to more than double import taxes on $200 billion in Chinese goods after March 1. But Trump has hinted that he may hold off on these if both sides made enough progress at the trade talks.

THE DAY IN ASIA: Japan’s benchmark Nikkei 225 retreated 1.1 percent to 20,900.63 and the Kospi in South Korea tumbled 1.3 percent to 2,196.09. Hong Kong’s Hang Seng gave up 1.9 percent to 27,900.84. The Shanghai Composite was 1.4 percent lower at 2,682.39. Australia’s S&P/ASX 200 bucked the regional trend, picking up 0.1 percent to 6,066.10. Shares fell Taiwan and throughout Southeast Asia.

ENERGY: U.S. crude lost 11 cents to $54.30 per barrel in electronic trading on the New York Mercantile Exchange. It gained 51 cents to settle at $54.41 per barrel in New York on Thursday. Brent crude, used to price international oils, fell 3 cents to $64.54 per barrel. It rose 96 cents to close at $64.57 per barrel in London.

CURRENCIES: The dollar eased to 110.36 yen from 110.45 yen late Thursday. The euro slipped to $1.1275 from $1.1296.

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

Truth and Accuracy

Submit a Correction →

We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands. Photo credit: @AP on Twitter
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
New York City