Nervous Stock Markets Enjoy Modest Recovery
Mohammad Ali (@ChaudhryMAli88) Published September 12, 2018 | 11:35 PM
Stock markets enjoyed a breather from festering trade war fears Wednesday, giving investors a welcome chance to hunt for bargains after recent weakness, traders said.
London, (UrduPoint / Pakistan Point News - 12th Sep, 2018 ) :Stock markets enjoyed a breather from festering trade war fears Wednesday, giving investors a welcome chance to hunt for bargains after recent weakness, traders said.
Gains were capped, however, by expectations that the US-China trade row will escalate again after Beijing said it planned to impose anti-dumping sanctions worth billions of Dollars on Washington.
"Stocks have ticked up although traders remain nervous about the state of global trading relations," said market analyst David Madden at CMC Markets UK.
"China have been making life tricky for the US, and now the ball is in President Trump's court. Dealers know full well what sort of reaction we could see from Mr Trump, and some are in wait and see mode," he added.
Analyst Craig Erlam at Oanda said the lull is likely to be just temporary.
Related Topics
Recent Stories
Meeting discusses anti-dengue measures
Photo exhibition 'Imagination of My Story' held
World teams invited at International Rescue Challenge-2024
LESCO detects 78,238 power pilferers in 230 days
2600 uplift projects near completion across South Punjab
Project Director SFERP for early completion of road work before forthcoming mons ..
Spain vows to block BBVA's hostile bid for rival bank
Bank of England holds rate at 16-year high, signals looming cut
London, Frankfurt hit record highs on rate-cut hopes
Entire road work completed before forthcoming monsoon: Kanasaro
Crespo-Kewell Champions League rivalry renewed in Asian final
Bank of England holds rate at 16-year high, signals looming cut
More Stories From Business
-
2600 uplift projects near completion across South Punjab
2 hours ago -
EZDMC, TESCO organise safety seminar at Mohmand Zone
2 hours ago -
Spain vows to block BBVA's hostile bid for rival bank
2 hours ago -
Bank of England holds rate at 16-year high, signals looming cut
2 hours ago -
London, Frankfurt hit record highs on rate-cut hopes
2 hours ago -
Bank of England holds rate at 16-year high, signals looming cut
2 hours ago
-
PSX gains 56 points
2 hours ago -
SBP injects Rs 393.75 billion into market
2 hours ago -
Rupee sheds 10 paisa against US dollar
2 hours ago -
Gold rates remain constant at Rs 239,200 per tola
3 hours ago -
CDNS accomplish Rs 1400 billion targets in fresh bond
3 hours ago -
District administration announces first-ever two days mango festival in Matiari
2 hours ago