The S&P 500 Index retreated from Friday’s record close amid reports that Beijing is pessimistic about the chances of reaching an accord with the U.S. The Stoxx Europe 600 Index dipped, led by losses in automobile companies.
NEW YORK: U.S. stocks slipped along with European shares as doubts about a China trade deal weighed on sentiment, highlighting the fragile nature of recent gains as negotiations drag on.
The S&P 500 Index retreated from Friday’s record close amid reports that Beijing is pessimistic about the chances of reaching an accord with the U.S. The Stoxx Europe 600 Index dipped, led by losses in automobile companies.
Treasuries edged higher along with most European government bonds. The pound jumped as the Conservative Party maintained its poll lead less than a month before U.K. elections.
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