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World markets dive as Trump sparks trade, North Korea worries

Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain
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Federer closes on Nadal after Shanghai victory.

Roger Federer has closed the gap on Rafael Nadal at the top of the latest ATP world rankings released on Monday following his victory over the Spaniard at the Shanghai Masters.
Nadal remains well clear of Federer, but the Swiss maintains a chance of finishing the year as world number one after shaving more than 400 points off his lead.
Federer claimed a surprisingly one-sided 6-4, 6-3 victory over the world number one on Sunday to secure a 94th career title, drawing him level with the great Ivan Lendl.
Only Jimmy Connors (109) has won more trophies.
Meanwhile, Marin Cilic reaches his best ever ranking of fourth after his run to the semi-finals in Shanghai.
Novak Djokovic and Stan Wawrinka, whose seasons are both over due to injury, each slip a place but Juan Martin Del Potro continued his climb up the rankings.
The Argentine rises four places to 19th, appearing in the top 20 for the first time in three years.
For the moment only Nadal, Federer, Alexander Zverev and Dominic Thiem have confirmed their places at the end-of-season Masters in London next month.
Top 20
1. Rafael Nadal (ESP) 10,465 points
2. Roger Federer (SUI) 8,505
3. Andy Murray (GBR) 5,290
4. Marin Cilic (CRO) 4,505 (+1)
5. Alexander Zverev (GER) 4,400 (-1)
6. Dominic Thiem (AUT) 3,935 (+1)
7. Novak Djokovic (SRB) 3,765 (-1)
8. Grigor Dimitrov (BUL) 3,590 (+1)
9. Stan Wawrinka (SUI) 3,450 (-1)
10. David Goffin (BEL) 2,885
11. Pablo Carreno (ESP) 2,855
12. Milos Raonic (CAN) 2,600
13. John Isner (USA) 2,550 (+3)
14. Sam Querrey (USA) 2,525 (+3)
15. Kei Nishikori (JPN) 2,475 (-1)
16. Kevin Anderson (RSA) 2,470 (-1)
17. Jo-Wilfried Tsonga (FRA) 2,285 (+1)
18. Tomas Berdych (CZE) 2,230 (+1)
19. Juan Martin Del Potro (ARG) 2,225 (+4)
20. Nick Kyrgios (AUS) 2,010 (+1)

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World markets dive as Trump sparks trade, North Korea worries

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