BEIJING (AP) — Global shares were mixed Wednesday following a report that U.S. and Chinese trade envoys will meet for talks next week. Benchmarks in Frankfurt, Shanghai and Tokyo advanced while London and Paris declined. Investors were encouraged by a Bloomberg News report that Trade Representative Robert Lighthizer will lead a U.S. delegation to Shanghai. That would be the first face-to-face talks since Presidents Donald Trump and Xi Jinping agreed in June to resume negotiations aimed at ending a bruising tariff war over U.S. complaints about Chinese technology ambitions. Markets have welcomed any sign of possible progress despite warnings the U.S.-Chinese truce is fragile because the two sides still are separated by the same disputes that caused talks to founder in May. Those include U.S. restrictions on technology sales to Chinese tech giant Huawei. “While the resumption of trade talks appears to mitigate any near-term deterioration in U.S.-China tensions, prudent investors will not get carried away, seeing as a meaningful deal still seems a long way off,” said Han Tan of FXTM in a report. In midday trading, London’s FTSE 100 fell 0.9% to 7,485 and France’s CAC-40 declined 0.5% to 5,595. Frankfurt’s DAX rose a more modest 0.4% to… Read full this story
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