European and US stock markets recover

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LONDON: European and US stock markets recovered slightly on Thursday (May 30), despite Beijing ratcheting up its rhetoric against Washington as ...

ed slightly on Thursday , despite Beijing ratcheting up its rhetoric against Washington as the US-China trade war rattles on.

But David Madden at CMC Markets UK said"the move feels hollow as political and economic relations are still strained" between the United States and China. Global stock markets had largely slumped on Wednesday on the latest salvos in the US-China trade war. A veiled threat by Beijing on Wednesday to cut critical exports of rare earth minerals to the United States intensified concerns.

Source: Financial Digest (financialdigest.net)

 

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