World markets mixed … Trump travels to steel country … Germany welcomes talks to tear down trade barriers
SINGAPORE (AP) – World markets are mixed ahead of a European Central Bank policy meeting. Asian share benchmarks were mixed on concerns that easing tensions between the U.S. and Europe could bode ill for a compromise with Beijing over trade. In early trading, Britain’s FTSE 100 was less than 0.1 percent lower while France’s CAC 40 added 0.7 percent. Germany’s DAX jumped 1.4 percent. U.S. indexes were set for a mixed opening with S&P 500 futures down 0.2 percent and Dow futures up 0.1 percent.
UNDATED (AP) – Today, President Donald Trump travels to the steel town of Granite City, Illinois, where residents say they’re grateful that steel industry jobs are returning. U.S. Steel credited Trump’s plan to impose tariffs on imported steel and aluminum when Granite City Works announced in March it was firing up a furnace that had been idled for more than two years.
BERLIN (AP) – Germany’s foreign minister is welcoming an agreement to open talks to tear down trade barriers between the United States and the European Union, which he says show that “the answer to America First can only be: Europe United.” Foreign Minister Heiko Maas says “America and Europe are not enemies … We are partners and allies with common values and interests.” On Wednesday President Donald Trump and European leaders pulled back from the brink of a trade war over autos.
BEIJING (AP) – China’s commerce ministry is denying that its tariff dispute with Washington was the reason for a lengthy anti-monopoly review that prompted U.S. tech giant Qualcomm Inc. to drop its bid for NXP Semiconductors. Qualcomm dropped the $44 billion bid Wednesday when its agreement expired without Chinese approval. The delay following U.S. and European approval prompted suggestions Beijing was using the case as leverage in its spiraling dispute with Washington.
RIYADH, Saudi Arabia (AP) – Saudi Arabia’s state-owned oil company, Aramco, says it’s temporarily halting shipments through a strategic Red Sea shipping lane after Yemen’s Shiite rebels attacked two tankers the previous day. The Houthis, who are fighting a Saudi-led coalition backing Yemen’s internationally recognized government, attacked the 2-million-barrel capacity Saudi tankers on Wednesday, causing minimal damage to one.