Wednesday, December 5, 2018

Wall Street dives on angst over growth, US-China truce

Wall Street dives on angst over growth, US-China truceWall Street stocks plunged Tuesday on worries about US economic growth and revived doubts about trade wars as the Trump administration sent mixed signals on their detente with China. A day after global stocks rallied on a weekend US-China announcement suspending new tariffs, international markets mostly pulled back as investor focus shifted to the lack of concrete progress in reaching a long-term agreement to the dispute. "Can the US and China really resolve their differences in 90 days?" asked Rodrigo Catril, senior strategist at National Australia Bank.




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