Thursday, 21 November 2019

Markets fall with hopes on US-China trade deal

Markets fell on Wednesday.

The S&P 500 and the STOXX Europe 600 both fell 0.4 percent while the Nikkei 225 fell 0.6 percent.

Market sentiment was dampened by a report that completion of a “phase one” US-China trade deal could be delayed until next year.

“What we’re seeing in the market today is another reminder that tariffs reign supreme,” said TD Ameritrade chief market strategist JJ Kinahan.

Meanwhile, economic news on Wednesday was negative, with Japan reporting that exports fell 9.2 percent year-on-year in October, the worst decline in three years.

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