Stocks close lower amid doubts about a China trade deal

29 2019 US President Donald Trump Acting Chief of Staff Mick Mulvaney then National Security Adviser John Bolton Ms Ivanka Trump and others during a bilateral meeting with Chinese President Xi Jinping (centre

The two sides have been at loggerheads over US demands that China improve protections of American intellectual property, end cybertheft and the forced transfer of technology to Chinese firms, curb industrial subsidies and increase USA companies' access to largely closed Chinese markets.

The Turkish lira lost 2.39% versus the USA dollar at 5.84, its weakest in over a month.

Among individual stocks, General Electric (NYSE:GE) lost early momentum to trade only 0.1% higher after it announced a freeze to its US pension plan, affecting 20,000 employees.

He then touted the strength of the USA economy even as the tariff battle continues with China.

"Moderate job growth and subdued inflation in the United States is a positive for stocks", said Shusuke Yamada, head of FX and Japan equity strategy at Merrill Lynch Japan Securities in Tokyo.

The pan-region Euro Stoxx 50 futures were up 0.2% at 3,435, German DAX futures were up 0.18%, while FTSE futures were down 0.03%.

Global stock markets were mixed on Monday as investors cautiously awaited the outcome of trade talks between the USA and China. In total, Trump has imposed or announced penalties on about $550 billion of Chinese products, or nearly everything the USA buys from the world's No. 2 economy.

The dollar firmed on Monday, breaking a four-day losing streak, as fresh concerns over the trade war between the United States and China kept risk appetite subdued and trade-oriented currencies such as the Australian dollar under pressure.

Major stock indexes in Europe closed broadly higher.

Solskjaer 'pleased' as Manchester United's away winless streak reaches 10
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"Investors are trying to balance what seems like a weaker economy with low interest rates". Constellation Brands fell 2.2% and PepsiCo dropped 1.2%.

The yield on benchmark 10-year Treasury notes US10YT=RR rose to 1.5187% compared with its USA close of 1.5140% on Friday.

Volume on the New York Stock Exchange topped 2 billion shares with 1,199 issues advancing and 1,731 declining.

The yen, also considered a safe-haven asset, edged slightly higher to 106.85 versus the US dollar and gained to 72.12 per Australian dollar.

USA crude CLc1 dipped 0.34% to $52.63 a barrel as worries about oversupply regularly weigh on oil futures prices.

PayPal shares fell 0.6% after it said it was withdrawing from the group of companies Facebook assembled to launch a global cryptocurrrency-based payments network.

The unrest in Iraq has begun to bring the so-called risk premium that supports prices back into focus, after supply concerns had eased in the wake of Saudi Arabia's faster-than-expected recovery from attacks key oil facilities last month, said John Kilduff, a partner at Again Capital LLC in NY.

A new US-China flashpoint ignited on Monday over a tweet in support of Hong Kong protesters by an official of the National Basketball Association's Houston Rockets. Trading will resume on Tuesday.

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