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World stocks shrivel as trade truce doubts, economic woes gather

Reuters  |  London 

By Karin StroheckerLondon (Reuters) - Deflating hopes of a swift resolution to the Sino-U.S. trade war knocked world stocks off three-week highs on Tuesday, while growing fears the U.S economy could be headed for recession sooner than expected weighed on the dollar.The rapprochement between U.S. President Donald Trump and China's Xi Jinping at the weekend G20 meeting had fired up markets on Monday. But the upbeat mood quickly dissipated on scepticism that Washington and Beijing can resolve deep-seated differences on trade in the agreed three-month negotiating window.Adding to market woes, was ...

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First Published: Tue, December 04 2018. 15:43 IST