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The New York Stock Exchange and Nasdaq will be closed on Wednesday, for a day of mourning for former President George H.W. Bush, who died on Friday at the age of 94 cufflink set uk online. The pan-European STOXX 600 index lost 0.76 percent. On Monday, stock markets around the world got some relief after Washington and Beijing agreed to temporarily end their trade war during talks at the G20 summit in Argentina. Upon closer scrutiny, investors said a deal between the world’s two biggest economies was far from a sure bet..

“As soon as investors digested the information from the discussions they focused on the uncertainties and lack of details,” said Ryan Nauman, market strategist, Informa Financial Intelligence, Zephyr Cove, Nevada cufflink set uk online. There was added confusion over when the 90-day truce period, during which the United States and China would hold off on imposing more tariffs, would start. Additionally, U.S. President Donald Trump on Tuesday warned he would revert to tariffs if the two sides could not resolve their differences..

“If it is, we will get it done,” Trump wrote in a Twitter post cufflink set uk online. “But if not remember, I am a Tariff Man.”. Meanwhile, the flattening U.S. yield curve weighed on investors’ minds. “The focus is now shifting to the inverted U.S. bond yield curve, which has negative connotations, while implying the U.S. economy is heading towards what was, only a few weeks ago, an improbable economic slowdown,” said Stephen Innes, head of trading for APAC at Oanda. Comments on Tuesday by New York Fed President John Williams about the path of interest rate hikes added to the uncertainty for investors..

Williams said the U.S. central bank should expect to continue raising interest rates “over the next year or so” even while it pays close attention to possible risks highlighted by financial markets. The comments came after those from Fed chair Jerome Powell last week, which lifted stocks as they were interpreted as suggesting a less aggressive path of rate hikes. The dollar, which started the week on a weak footing as the apparent thaw in trade tensions between the U.S cufflink set uk online. and China cooled demand for the safe-haven currency, extended its fall as investors worried about the inversion of the short end of the U.S. yield curve in bond markets..

(Reuters) – U.S. stocks plunged on Tuesday and more points along the Treasury yield curve inverted as doubts arose over a speedy resolution to the U.S.-China trade dispute and over the health of the global economy. Losses were broad based in equities, with bank stocks among the weakest performers thanks to the flattening yield curve. All of the U.S. benchmark indexes falling by at least 3 percent. Small-caps suffered their biggest daily loss since November 2011, and the Dow Jones Transports Index fell by the most in a day since June 2016 cufflink set uk online.