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US stocks set to get battered again as abandoned Trump-Xi meeting reignites trade-war uncertainty

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US stocks set to get battered again as abandoned Trump-Xi meeting reignites trade-war uncertainty
Fri, 08 Feb 2019 04:20:48 -0500

President Donald Trump gestures as a conductor as people in the chamber sing Associated Press

US futures are taking a hit after trade war uncertainty sends markets lower.  President Trump ruled out a meeting with his counterpart Xi Jinping before a crucial March trade-war deadline. Asian markets also closed lower while Europe is mixed. 

President Trump's suggestion that he won't meet Chinese Premier Xi Jinping before a crucial March 1 trade war deadline has pounded US markets amid fears of tariff escalation. 

The President shook his head when reporters asked about the chances of a meeting sending global equities lower as hopes of an early trade deal between the two countries diminished.

See the rest of the story at Business Insider

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Global stocks slide as Germany's economy draws closer to a recessionTrump's combative State of the Union 'left traders empty-handed' — markets are mixed as investors await GM earnings, FedGoogle set to lose $21 billion in market cap after its 'massive shopping spree' spooks investors

SEE ALSO: Italy has plunged into recession, but investors are still falling over themselves to get involved

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