Global shares slip on doubts over US-China trade deal

Global stock prices fell Wednesday, though not as much as Wall Street the day before, amid confusion about what the U.S. and China agreed to in a tariff cease-fire.

KEEPING SCORE: In Europe, London's FTSE 100 index fell 1.4 percent to close at 6,921.84 and German's DAX lost 1.2 percent to 11,200.24. France's CAC 40 retreated 1.4 percent to 4,944.37. U.S. stock trading was closed to mourn the death of former President George H.W. Bush.

ASIA'S DAY: Hong Kong's Hang Seng index fell 1.6 percent to 26,819.58 and the Shanghai Composite Index declined 0.6 percent to 2,649.81. Tokyo's Nikkei 225 lost 0.5 percent to 21,919.33 and Sydney's S&P-ASX 200 shed 0.8 percent to 5,668.40. Seoul's Kospi gave up 0.8 percent to 2,101.31 and India's Sensex was 0.6 percent lower at 35,902.74.

TRADE QUESTIONS: Investor confidence in the U.S.-China agreement faltered after confusing and conflicting comments from President Donald Trump and some senior officials. That revived fears the disagreement between the world's two biggest economies could slow global growth. Trump previously said the agreement would lead to sales of American farm goods and cuts in Chinese auto tariffs, but Beijing has yet to confirm that. Trump renewed threats of tariff hikes on Tuesday, saying on Twitter that Washington would have a "real deal" with China or else would charge "major tariffs" on Chinese goods. That cast further doubt on the weekend agreement.

FED WATCH: Markets also got a jolt from remarks by the president of the Fed's New York regional bank. John Williams said that given his outlook for strong economic growth, he expects "further gradual increases in interest rates will best sponsor a sustained economic expansion." That seemed to counter Fed Chairman Jay Powell's remarks last week. The jitters helped drive demand for government bonds. The yield on the 10-year Treasury note fell to 2.91 percent from 2.99 percent late Monday, a large move.

 Read more at Fox Busness

Current News

US warship destroyed Iranian drone in Strait of Hormuz

US warship destroyed Iranian drone in Strait of Hormuz

A U.S. warship destroyed an Iranian drone in the Strait of Hormuz amid heightened tensions between the two countries, President Trump announced Thursday  Read more

Population shifts set up huge House battleground

Population shifts set up huge House battleground

As many as 1 in 5 seats in the House of Representatives may be competitive next year as population shifts and partisan realignment conspire to create one of the most widespread battlefields in generations  Read more

President Trump, don't embrace left-wing ideas to get something done on drug prices

President Trump, don't embrace left-wing ideas to get something done on drug prices

In a recent column, I explained why the president and Republicans are on their way to a stunning victory in 2020  Read more

Kamala Harris’s Record Proves Her Allegiance To Politics Over Principles

Kamala Harris’s Record Proves Her Allegiance To Politics Over Principles

Harris exemplifies time and time again that her allegiance to political ideology is more important than her allegiance to upholding justice  Read more

Minimum Wage Laws Are a Terrible Idea

Minimum Wage Laws Are a Terrible Idea

Democrats in Congress have again brought the minimum wage to the national political stage  Read more

The High Cost of “Free” College Tuition

The High Cost of “Free” College Tuition

In the lead-up to the 2020 elections, we’ve heard several proposals offering free college tuition for all, and loan forgiveness for those still carrying debt  Read more