LONDON: World stocks edged higher on Friday and oil prices bounced after comments by President Donald Trump encouraged hopes of progress in U.S.-China trade talks while British Prime Minister Theresa May’s resignation briefly sent sterling fluctuating wildly.
With flight-to-safety plays remaining dominant, Asian bourses were torn between fears of a more protracted U.S.-China trade war and hopes the world’s two largest economies would reach a deal soon. “It might be a step too far that there is optimism over a trade deal but there may be a little more optimism over the way talks are going,” Investec chief economist Philip Shaw said.
“Fixed income safe-haven sovereign markets are the asset of choice at the moment, and although we had a recovery in European stock markets this morning, there has not been much of a retracement at all in bunds or gilts,” Shaw said. “The fear now is that the economic recovery from the poor second half of 2018 may be dying before it even emerges,” said Peter Schaffrik, global macro strategist at RBC Capital Markets.
May is likely to be succeeded by a Eurosceptic leader, potentially increasing chances of a no-deal Brexit.
ہم نے اس خبر کا خلاصہ کیا ہے تاکہ آپ اسے جلدی سے پڑھ سکیں۔ اگر آپ خبر میں دلچسپی رکھتے ہیں تو آپ مکمل متن یہاں پڑھ سکتے ہیں۔ مزید پڑھ:
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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