Premarket: Stocks stall on trade jitters, German economy angst

European and Asian shares stepped back from eight-month highs on Thursday, as investors took money off the table amid fresh concerns about U.S.-China trade talks and as dire data from Germany signaled trouble for Europe.

Losses were led by Australia and New Zealand while Hong Kong, the Philippines and Indian markets were also in red. “We are expecting quite a constructive agreement between the U.S. and China when it comes to trade,” said AllianceBernstein China Portfolio Manager John Lin. “Also an important question would be whether an agreement would be sufficient to revive business sentiment and the global trade cycle,” J.P. Morgan Asset Management Asia Pacific Chief Market Strategist Tai Hui added.

The plan would see China committing to buy more U.S. commodities, including soybeans and energy products, and allow full foreign ownership for U.S. companies operating in China as a binding pledge.Traders were also squaring off positions ahead of U.S. jobs data due on Friday after earlier disappointments this week.

The euro barely budged at $1.1237 waiting for the minutes of the European Central Bank’s last meeting, when it pushed back rate hike expectations.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Premarket: Global stocks rise on U.S., China trade optimismStocks set to post best quarterly performance since 2012, while global bond yields move higher globeinvestor How can a market think ANYTHING is ok? I don’t think it’s ok. (With inspiration to Adam Schiff)
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks mixed on worries curve inversion augurs recessionPremarket: Global stocks mixed on worries curve inversion augurs recession GlobeInvestor
Source: globeandmail - 🏆 5. / 92 Read more »

Options-based funds offer succor to investors wary of volatilityOptions-based funds offer succor to investors wary of volatility GlobeInvestor
Source: globeandmail - 🏆 5. / 92 Read more »

Bump stocks are turned in or destroyed as U.S. ban takes effectThe U.S. ban on bump stocks took effect this week, and there are signs that owners destroyed tens of thousands of them or handed them over to authorities as required.
Source: CTVNews - 🏆 1. / 99 Read more »

Posthaste March 29: BlackBerry beats, Lyft’s market debut and more auto job pain for OntarioHot tech stocks, SNC-Lavalin’s plan B and good news on the Canadian economy Well time for the conservatives to fix the mess
Source: nationalpost - 🏆 10. / 80 Read more »

Recharged bulls give stocks, commodities flying start to yearInvestors have seen world stocks and key commodity markets roar back with their best first quarter since 2012.
Source: globeandmail - 🏆 5. / 92 Read more »

Asian stocks inch higher on hopes of progress in U.S.-China talksInvestors’ moods brightened on news Chinese negotiators have made a number of new proposals in their discussions with U.S. officials
Source: globeandmail - 🏆 5. / 92 Read more »

Canadian utilities are not the boring, old stocks they used to beThese days these stocks aren’t just looking like a safe, defensive play — they’re widely outpacing the TSX
Source: nationalpost - 🏆 10. / 80 Read more »

Who’s afraid of the inverted yield curve? Canadian assets are soaringInvestors in everything from stocks to bonds are enjoying some of the best quarterly returns in years because they are so cheap Sheep to the slaughter
Source: nationalpost - 🏆 10. / 80 Read more »

Junk bonds suggest U.S. stocks may have further to runA long-running correlation between the two asset classes could prove telling
Source: globeandmail - 🏆 5. / 92 Read more »