World shares mixed on worries over more US tariffs
SINGAPORE — World markets are mixed after U.S. President Donald Trump said he might impose more tariffs on Chinese goods, though he said he was ready to strike a “great deal” with Beijing over trade.
KEEPING SCORE: In Europe, Britain’s FTSE 100 added 0.2 per cent to 7,042. But Germany’s DAX fell 0.2 per cent to 11,316 and the CAC 40 in France sank 0.2 per cent to 4,980 after weak eurozone growth figures. Wall Street was poised for an optimistic open. Futures for the Dow were up 0.4 per cent and the broader S&P 500 futures added 0.5 per cent.
EUROPEAN GROWTH: The eurozone economy expanded by only 0.2 per cent in the July-September period — half the previous quarter’s rate and below expectations for another reading of 0.4 per cent. The quarterly performance is the worst since the second quarter of 2014. Experts say it was hurt by one-off factors like new emissions standards for cars, so growth is likely to pick up again. But they say it’s unlikely to match last year’s strong performance as the region faces global issues like Brexit and trade disputes.
ASIA’S DAY: Japan’s Nikkei 225 index jumped 1.5 per cent to 21,457.29 after official data showed that the unemployment rate eased to 2.3 per cent in September, from 2.4 per cent a month earlier. The Shanghai Composite index rebounded 1 per cent to 2,568.05 and South Korea’s Kospi picked up 0.9 per cent to 2,014.69. Australia’s S&P-ASX 200 gained 1.3 per cent to 5,805.10. Hong Kong’s Hang Seng bucked the trend, slipping 0.9 per cent to 24,585.53. Shares were higher in Taiwan, Indonesia and Thailand but fell in Singapore.