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Global Markets: Shares mixed, Wall Street drops on trade worries; oil surges

Reuters  |  NEW YORK 

By Laila KearneyNEW YORK (Reuters) - Stock markets around the world were mixed, with U.S. shares retreating on Friday amid continuing concerns over U.S.-China trade ties, while pledges by key oil producers to trim output boosted oil prices.Oil prices surged 4 percent after big Middle East producers in OPEC agreed to reduce output to drain global fuel inventories and support the market.Shares on Wall Street fell more than 1 percent, with a drop in technology stocks sparking a turnaround from earlier in the day amid the trade standoff. U.S. employers hired fewer workers than expected in ...

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First Published: Fri, December 07 2018. 23:05 IST