BUSINESS/CHINA/TRADE WAR/TRUMP AS PRESIDENT: “Global stocks inched up on Friday [11-22-19], lifted by China’s renewed offer to work out a trade pact with Washington and despite signs that manufacturing in major eurozone economies was grinding to a halt. But gains were limited by uncertainty over how the 16-month-old U.S.-China trade war plays out and how much it may undermine the world economy. Such jitters have put MSCI’s index of global shares on course to snap a six-week streak of gains, with lacklustre economic data and rising political risks in the United States and Britain also casting a pall over sentiment. European shares rose off three-week lows touched on Thursday when it seemed that U.S. legislation on Hong Kong would undermine planned trade talks between the world’s two largest economies. The broader Euro STOXX 600 was up 0.4% and London-listed shares outperformed with a 1% rise as trade-exposed miners, banks and energy companies recovered from falls earlier this week.”
–Sujata Rao, Tom Arnold, “GLOBAL MARKETS-Global shares inch up, but trade worries linger,” Reuters, November 22, 2019 4:20 am