NEW YORK: World shares completed blended on Friday (Might 30) after President Donald Trump put US-China commerce tensions again on the boil by claiming Beijing had “totally violated” an agreement with Washington.
His social media submit got here hours after US Treasury Secretary Scott Bessent mentioned commerce talks with China aimed toward placing to mattress sky-high mutual tariffs, presently suspended, have been “a bit stalled”.
The event dangers renewed commerce tensions between the world’s two largest economies.
On Wall Road, the Dow Jones Industrial Common closed larger, whereas the S&P 500 index was flat, and the tech-focused Nasdaq Composite fell 0.3 per cent.
“If it weren’t for the commerce warfare, the market could be feeling fairly good,” mentioned Tom Cahill of Ventura Wealth Administration.
“Inflation is certainly shifting in the best route,” he added, referencing the Federal Reserve’s favoured inflation gauge, which cooled greater than anticipated final month, in keeping with contemporary information printed Friday.
In Europe, London and Germany’s main indices ended larger, whereas France’s CAC40 closed decrease, following declines in Asian markets earlier within the day.
