Global stocks mixed after report of US-China trade talks


By JOE McDONALD AP Business Writer |

In this Thursday, July 18, 2019, file photo trader Dennis Maguire works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, July 23. Richard Drew, File AP Photo

Global stock markets were mixed Wednesday following a report U.S. and Chinese trade envoys will meet for talks next week.

Benchmarks in Frankfurt, Shanghai and Tokyo advanced while London declined.

Investors were encouraged by a Bloomberg News report Trade Representative Robert Lighthizer will lead a U.S. delegation to Shanghai. That would be the first face-to-face talks since Presidents Donald Trump and Xi Jinping agreed in June to resume negotiations aimed at ending a bruising tariff war over U.S. complaints about Chinese technology ambitions.

Markets have welcomed any sign of possible progress despite warnings the U.S.-Chinese truce is fragile because the two sides still are separated by the same disputes that caused talks to founder in May. Those include U.S. restrictions on technology sales to Chinese tech giant Huawei.

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