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Global trade skirmish puts factories, recovery at risk

Updated : June 02, 2018 20:24:53 IST

Stocks rose and bond yields fell on Friday as investors welcomed an apparent end to a political crisis in Italy but prospects for a full-blown trade war put a dampener on gains.
Euro zone factory growth stayed strong but slowed to a 15-month low in May, hampered by extra holidays, and forward-looking indicators suggest it will at best remain subdued in coming months, a business survey showed.
Higher oil prices and a rising dollar have hammered currencies of late, with trade friction and heightened geopolitical uncertainties around North Korea, Iran and Italy adding to pressure.
Global trade skirmish puts factories, recovery at risk
Published : June 02, 2018 08:24 PM IST

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