Markets were mixed on Thursday.
The S&P 500 rose 0.4 percent but the STOXX Europe 600 fell 0.2 percent and the Nikkei 225 plunged 2.0 percent.
In the US, stocks were supported by a comment by New York Federal Reserve President John Williams that the central bank needed to “act quickly” when the economy was slowing and rates were low.
Japanese stocks were dragged down by a report showing that Japan's exports fell 6.7 percent in June from a year earlier.
Asian stocks in general were also weighed down by trade issues.
“Donald Trump’s renewed trade threats this week undermine relief from the resumption of US-China trade talks agreed to by Presidents Trump and Xi at June’s G20 meeting,” Vishnu Varathan, head of economics and strategy at Mizuho Bank, wrote in a note.
And US stocks could still get hit by the trade war, according to CFRA Research investment strategist Lindsey Bell.
Bell noted that “we haven’t gotten indication that they’re making major progress yet”.
Bell said that there are risks to corporate earnings “primarily in the fourth quarter of this year” and that corporations “are going to bring guidance down as they release second-quarter earnings”.
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