London — Global stock markets steadied after a three-day rally on Wednesday as traders continued to watch incoming economic data and awaited new developments from US-China trade talks.
Investors said stock markets were consolidating gains made over the past three sessions as focus shifts to lingering concerns over the outcome of US-China trade talks. Traders and investors hope a preliminary China-US trade pact will roll back at least some of the punitive tariffs that Washington and Beijing have imposed on each other’s goods, but it is still uncertain when or where US President Donald Trump will meet Chinese President Xi Jinping to sign the agreement.
Eurozone business activity expanded slightly faster than expected in October but remained close to stagnation, according to a survey whose forward-looking indicators suggest what little growth there is could dissipate.
Source: News Formal (newsformal.com)
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