LONDON: Asian and European markets were mixed on Monday as investors cheered a surprise jump in Chinese factory activity, but were chilled by fresh US tariffs on Argentina and Brazil.
Trade-related concerns were also stoked by China’s Global Times newspaper, which said Beijing wanted all US tariffs rolled back as part of a mini deal, a move observers said Washington is unlikely to agree to. Another survey Monday of smaller firms also showed a better-than-expected pick-up in factory activity.
Beijing and Washington are believed to be close to agreement on a partial trade deal, a development that has underpinned global markets for weeks.
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