TOKYO (AP) — Global shares were mixed Monday, following a reassuring report on U.S. jobs, while investors cautiously awaited the outcome of trade talks between the U.S. and China.France’s CAC 40 lost 0.3% to 5,475.29 in early trading, while Germany’s DAX lost 0.1% to 11,997.30. Britain’s FTSE 100 shed 0.2% to 7,140.04.U.S. futures pointed to early losses with the contract for the Dow Jones industrial average down 0.5% to 26,392.00. S&P 500 futures also lost 0.5% to 2,936.40.The world’s two largest economies are set to resume trade talks this week and markets have been quick to swing on any hint of movement in their dispute, which has dragged on manufacturing around the world, including Asia, and pushed CEOs to delay investments amid uncertainty.Robert Carnell, chief economist and head of research Asia-Pacific at ING, noted some optimism about the trade talks but warned that past optimism was often misplaced.”It looks as if we are back to considering the merits of a narrow trade deal today, as news stories break suggesting that China is not looking to make a broader trade deal along the lines it is reported the U.S. is seeking,” he said.Chinese offices were closed for a holiday, and officials… Read full this story
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