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Global stocks win as investors shrink from impending rates

Stocks of futures in Europe and the United States rose on Thursday as investors discarded a deadline for the implementation of trade restrictions between the US. UU And China.

The Stoxx Europe 600 rose 0.5% in the first European operations, led by index gains in Germany and France. Stock markets in Asia ended mostly downward.

On Wall Street, futures pointed to gains of 0.5% for the S & P 500.

A Chinese official warned on Thursday that US planned tariffs UU Over Chinese products will hurt companies around the world since many of the products targeted by United States administration are made by foreign companies in China.

"The United States is shooting the world, even itself," he said.

Gao Feng,

A spokesman for the Ministry of Commerce of China.

The United States plans to impose tariffs on $ 34 billion of Chinese imports on Friday and China is expected to counter tariffs on US imports as the two largest economies in the world remain locked in a trade dispute that has Financial markets staggered for months.

But many investors say that a full-fledged trade war can still be avoided and that the measures will not seriously affect the global economy.

"Investing in the medium term is going to be an accident as commercial owners continue to hit the sentiment," he said.

James Athey,

senior investment manager at Aberdeen Standard Investments. "But although the risks are everywhere, the underlying economic fundamentals are very strong."

Still, Mr. Athey said he has been cutting positions in recent weeks while trying to reduce risk amidst a plethora of political and commercial headlines. "Volatility does not seem to go away," he said.

The 10-year Treasury yield of the United States rose slightly to 2,855% from 2,833%. Yields move inversely to prices. The WSJ Dollar Index, which tracks the dollar against a basket of 16 currencies, was down 0.1%.

Operators returning from the US Independence Day holiday UU Wednesday will focus on the minutes of the Federal Open Market Committee meeting in June. as the monthly employment report of the Department of Labor on Friday.

"The June FOMC minutes should shed some light on the Federal Reserve's level of conviction behind a fourth increase at the end of this year," analysts said.

Société Générale

he wrote in a research note.

In Asia, Japan's Nikkei stock average fell 0.8%, while Hong Kong's Hang Seng Index fell 0.4%.

In commodities, Brent crude, the world oil price index, fell 0.4% president

Donald Trump,

In a tweet late on Wednesday, he repeated his call to the Organization of Petroleum Exporting Countries to help reduce high oil prices. Gold rose 0.2%.

Write to Georgi Kantchev at georgi.kantchev@wsj.com


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