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Global Markets: Stocks retreat as trade truce doubts return

Reuters  |  London 

By Karin StroheckerLondon (Reuters) - Deflating hopes of a swift resolution to the Sino-U.S. trade war knocked world stocks off a three-week high on Tuesday, while recession warning lights in U.S. bond markets weighed on the dollar.Optimism over a rapprochement between U.S. President Donald Trump and China's Xi Jinping at the weekend G20 meeting was replaced by scepticism and left Wall Street braced for another day in the red. [.N]Adding to market jitters was an inversion of the short end of the U.S. yield curve in bond markets, which historically has signalled a U.S. recession.Asian markets ...

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First Published: Tue, December 04 2018. 19:28 IST
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