Stocks Slip With U.S. Futures on Fresh Trade Worry: Markets Wrap
- Trump signs Hong Kong bill that could strain China relations
- Pound steadies after poll; U.S. shares, bonds shut for holiday
This article is for subscribers only.
Stocks slipped in Europe along with U.S. equity futures after President Donald Trump signed a bill backing Hong Kong protesters, raising concerns about the prospects for an interim trade deal between the world’s two largest economies. Gold edged up.
The Stoxx Europe 600 Index tracked declines in much of Asia, with automaker shares the biggest losers. Contracts on the main U.S. benchmarks all traded slightly lower as China threatened to retaliate against Trump’s move, though Beijing stopped short of any immediate action. Hong Kong shares pared an initial retreat to post a modest drop alongside Japanese, Chinese and South Korean stocks.