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
Pep Guardiola has promised Arsene Wenger that Manchester City have no chance of emulating his Arsenal team’s 2003/04 record of completing a Premier League season unbeaten. Arsenal were dubbed the ‘Invincibles’ after becoming only the second team — after Preston North End in 1888/89 — to go through an English top-flight campaign without losing a game. City are unbeaten after 10 games of the league season, but Wenger has suggested it will be difficult for them to match his side’s achievement and City boss Guardiola agrees with the Arsenal manager. “I would like to say to Arsene that this record belongs to him. We are not going to break it,” Guardiola said on Friday ahead of his side’s home game with Arsenal on Sunday. “He has to be calm. He has to be sure that is not going to happen. It was an exceptional team. “To stay unbeaten in the Premier League is something fantastic. He has to know that we don’t want to break this record, but we want to play well and beat them