Global shares shrug off global trade war tensions as US data reassures
In a rare open show of divisions among the club of wealthy nations, six of the G7 member countries issued a statement asking U.S. Treasury Secretary Steven Mnuchin to convey their "unanimous concern and disappointment" to President Donald Trump. "The G7 summit this weekend could be equally terrible. There`s even talk that Trump may not go. Concerns on trade frictions are likely to continue to weigh on markets," said Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities.
Global shares rose on Monday as worries over a trade war between the United States and other major economies took a back seat, with investors focusing on an easing of political risks in Europe and strong U.S. jobs data. Image source: Reuters