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World stocks slip as trade tensions and central bank expectations dampen mood

Reuters  |  LONDON 

By Sujata RaoLONDON (Reuters) - World stocks retreated on Wednesday from one-month highs, with investor focus turning from the U.S.-North Korea summit to an expected U.S. interest rate rise and the risk of a fresh outbreak of trade tensions between China and the United States.Global tech stocks approached record highs and Italian yields fell, although markets remain under pressure from U.S. plans for extra tariffs on $50 billion worth of Chinese goods. The Mexican peso and European auto stocks, also vulnerable to trade-war risk, slipped further.Equity markets are "marking time and finding it ...

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First Published: Wed, June 13 2018. 15:33 IST