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Global Markets: Trade war concerns flatten yields, roil stocks

Reuters  |  NEW YORK 

By Nick BrownNEW YORK (Reuters) - Simmering fears of a global trade war on Wednesday overshadowed robust data from China and kept government bond yields low in the U.S. and Europe, with U.S. stocks sinking into the red amid a drop in industrial shares.U.S. President Donald Trump on Tuesday fired Secretary of State Rex Tillerson, seen as a free-trade proponent, replacing him with the more hawkish former Central Intelligence Agency Director Mike Pompeo. Later on Tuesday, Reuters reported that the U.S. was seeking to impose tariffs on up to $60 billion of Chinese imports.The news contributed to ...

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First Published: Thu, March 15 2018. 00:50 IST