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European equities and US futures fell on Wednesday after renewed potential for a trade deal and Chinese government stimulus lifted Asian stocks.
Asian equities slumped after US indexes tanked at least 2% on Monday. "Markets are likely to take Trump's words with a few pinches of salt."
The first three days of the week saw strong gains for stocks around the world, but sentiment was more muted Thursday.
Stocks are rallying on hopes that China and the US will finally hit a breakthrough and end the trade war
Stocks and energy prices are rallying on trade-talk optimism. Donald Trump's economic adviser said he hoped "to make more headway" in talks Wednesday.
Global markets are rallying after Chinese industrial data smashed predictions to paint a rosier-than-expected picture of the world economy.
While the specter of yield-curve inversion — a recession red flag — remains, movement in US-China trade-war talks appeared to steady stock markets.
When "the yield curve" inverts in the bond market, recessions typically follow.
Warnings in the bond market sent Asian equities plummeting, but US futures and European shares were either flat or only slightly lower early Monday.
Deutsche Bank has reportedly considered closing its equities-trading unit after hundreds of millions in losses
The German lender is battling for survival after years of restructurings have failed to convince clients and investors that the bank can overcome a series of self-inflicted wounds.
Wall Street reversed gains Monday, ending lower after disappointing economic data and as a trade-fueled rally ran out of steam.