Global market report - December 13

World investors were in cautiously optimistic mood today as the trade outlook perks up, but the diplomatic row over the arrest of Huawei executive Meng Wanzhou is ongoing

James Gard 13 December, 2018 | 7:00PM

North America

 

US equity markets are finely poised at the moment ahead of next week’s Federal Reserve meeting. On the one hand, trade progress is supportive of equity prices, and on the other, the row over the arrest of the Huawei executive seems to be intensifying – despite the release of Meng Wanzhou on bail yesterday. China’s detention of two Canadians raises the prospect of a tit-for-tat diplomatic rift, an echo of the wider trade row between the US and China, which has seen retaliation and counter-retaliation in recent months.

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James Gard

James Gard  James Gard is subeditor for Morningstar.co.uk.

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