US-China trade deal fears and rising rates put dampener on global rally
by Richard Partington Economics correspondent from on (#424V4)
FTSE 100 closes down 18 points while Wall Street drops after release of strong jobs market data
A strong week for global stocks has ended on an uncertain note at a time of fears over delays to resolve the American trade dispute with China and concerns over rising US interest rates.
The FTSE 100 closed down 18 points on Friday, while Wall Street dropped in afternoon trading in New York after the release of strong jobs market data that could push the US Federal Reserve towards raising interest rates next month.
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