Premarket: U.S. sanctions on Huawei send stocks reeling; yields fall [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Premarket: U.S. sanctions on Huawei send stocks reeling; yields fall European stocks fell, government bond yields slipped and the Japanese yen firmed on Thursday after the U.S. government hit Chinese telecoms giant Huawei with severe sanctions, further straining Sino-U.S. trade ties. An index of European shares fell as much as .5 per cent in early European trading with the German stock index down .4 per cent. U.S. stock futures were down .4 per cent, pointing to a weak start on Wall Street. The broad weakness in European markets was somewhat offset by small gains in Chinese and Hong Kong stock indexes leading to only marginal losses on a global stock index as investors expected state authorities to step in to support the market and stabilize sentiment. Story continues below advertisement “Chinese stocks are up as markets expect authorities to intervene to support sentiment but this kind of activity is not sustainable and unless we see a clear resolution in the China-U.S. trade conflic
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