Despite Trump trade fears, jittery world stocks edge higher

News Image

MG News | March 07, 2018 at 10:46 AM GMT+05:00

0:00

New York, March 7(AFP/APP):The question marks hanging over US President Donald Trump's aggressive trade agenda kept world markets guessing on Tuesday, with stocks managing to end mostly firmer.

Wall Street eked out a positive finish after repeatedly bouncing in and out of negative territory on persistent trade worries.

Earlier, European and Asian stocks consolidated gains made after following New York's lead from Monday's higher close, when investors had cast off trade fears to recover some of the losses from last week.

Trump's sudden threats to slap tariffs on all steel and aluminum imports sparked a global sell off, but comments indicating Canada and Mexico might eventually be exempt calmed some of the concerns.

The Dow squeaked into positive territory in the final minutes while the Nasdaq added 0.6 percent.

"A lot of nervousness, a lot of uncertainty coming out of Washington and investors are not sure of what that means, whether it will it be limited or the ramifications have broader impact," Adam Sarhan of Park 50 investments told AFP.

Republican congressional leaders emphasized their opposition to the possible tariffs, which could be announced in the coming days, and US trading partners continue to threaten retaliation, including Mexico and the European Union.

Markets also were buoyed by an announcement from Seoul that the leaders of North and South Korea will hold a historic summit next month after Pyongyang expressed willingness to discuss giving up its nuclear weapons.

Related News

Name Price/Vol %Chg/NChg
KSE100 135,939.87
307.74M
-0.41%
-562.67
ALLSHR 84,600.38
877.08M
-0.56%
-479.52
KSE30 41,373.68
101.15M
-0.43%
-178.94
KMI30 191,069.98
82.45M
-1.17%
-2260.79
KMIALLSHR 55,738.07
422.01M
-1.03%
-577.24
BKTi 38,489.75
45.79M
-0.02%
-8.33
OGTi 27,788.15
6.87M
-1.24%
-350.24
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,385.00 120,695.00
116,090.00
-2850.00
-2.37%
BRENT CRUDE 68.81 69.41
68.60
-0.40
-0.58%
RICHARDS BAY COAL MONTHLY 96.50 96.50
96.50
0.50
0.52%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.25
-2.05
-1.92%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.68 67.13
66.22
-0.30
-0.45%
SUGAR #11 WORLD 16.56 16.61
16.25
0.26
1.60%

Chart of the Day


Latest News
July 15, 2025 at 05:46 PM GMT+05:00

Labubu Mania drives Pop Mart’s profit surge


July 15, 2025 at 05:22 PM GMT+05:00

Big industry output rises 2.29% in May


July 15, 2025 at 04:22 PM GMT+05:00

SYS set for 71% profit surge on global tailwinds



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg