Saturday, 8 September 2018

Markets mixed as US employment rises amid trade war with China

Markets were mixed on Friday.

The S&P 500 fell 0.2 percent but the STOXX Europe 600 rose 0.1 percent.

Earlier in Asia, the Nikkei 225 fell 0.8 percent but the Shanghai Composite rose 0.4 percent.

A report on Friday showed that the US economy added 201,000 jobs in August, better than the downwardly-revised 147,000 in July.

However, that report was offset by news that US President Donald Trump was ready to escalate the US-China trade war by extending tariffs to virtually all Chinese imports into the United States.

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