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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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Russia loses contact with new weather satellite.

Russia has lost contact with a weather satellite just hours after its launch from a new cosmodrome.
"Contact has not been established because it is not on its planned orbit," the space agency Roscosmos said. The Meteor-M satellite was carried on a Soyuz rocket.
The launch was at 14:41 (05:41 GMT), from Vostochny cosmodrome in Russia's far east. It is only the second launch from the base, which opened last year.
Smaller satellites were also on board.

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World markets dive as Trump sparks trade, North Korea worries

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