World markets subdued as investors eye trade, Brexit

World markets subdued as investors eye trade, Brexit

A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, Oct. 1, 2019. Shares rose in Asia on Tuesday, with markets in Hong Kong and Shanghai closed for a national day holiday. A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, Oct. 1, 2019. Shares rose in Asia on Tuesday, with markets in Hong Kong and Shanghai closed for a national day holiday. BANGKOK (AP) — World markets were mixed on Tuesday after a global agency cut its forecasts for trade and as investors monitor developments in Britain’s exit from the European Union. After Asia largely closed higher, the FTSE 100 in Britain was down 0.3% at 7,385. The CAC 40 in Paris was 0.2% lower at 5,668 and Germany’s DAX dipped 0.1% to 12,416. Futures for the Dow and the S&P 500 were both up 0.3%. The World Trade Organization said Tuesday it was cutting sharply its forecasts for trade growth this year and next. Trade volumes of goods are expected to rise only 1.2% this year, far below the 2.6% estimate issued in April. Next year’s growth was dropped to 2.7% from 3.0%, but the organization warned that that depends on a return to more normal trade relations. The U.S. and China are in a trade dispute that is hurting the global economy. The sides will hold talks next week but a slew of uncertainties, including the impeachment inquiry into U.S. President Donald Trump, have left […]

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