(Adds oil, gold settlement price, updates throughout) * World stock markets retreat from highs * Wall Street trades mixed * Oil eases on trade deal doubts By Herbert Lash NEW YORK, Nov 8 (Reuters) – Oil prices faltered and global equity markets slid on Friday, halting a week-long record-setting rally on hopes a U.S.-China trade deal was near, as investors parsed statements from Beijing and Washington on where they stand on rolling back tariffs. This week’s optimism about the potential for a deal darkened as fierce opposition from the White House to rolling back existing tariffs surfaced on Thursday. On Friday, U.S. President Donald Trump reinforced the sentiment, telling reporters he has not agreed to the rollback of tariffs sought by China and that Beijing wanted to make a deal more than he did. The dollar rose to a three-week high, lifted by safe-haven bids, as risk appetite for higher-yielding currencies was curtailed by the uncertainty over the tariff rollback, a major component of a preliminary U.S.-China trade deal. Skepticism about the strength of the economy and corporate results is driving fear of more weakness ahead, said Christopher Smart, chief global strategist at Barings. “I’m less convinced that we’re headed… Read full this story
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