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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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AC Milan to reward Gattuso with new contract.

AC Milan have confirmed that coach Gennaro Gattuso will be rewarded with a new contract this Easter.
Gattuso, the club’s former youth team coach, took over the seven-time European champions from Vincenzo Montella last November and has rekindled the club’s season as they sit within the Europa League spots and with hopes of qualifying for the Champions League.
“When we open our eggs this Easter, we’re going to find Gennaro Gattuso’s renewal inside,” the club’s sporting director Massimiliano Mirabelli told journalists.
Gattuso is still on the same wage he earned when in charge of the youth team — a reported 120,000 euros ($150,000) a year — making him the lowest-paid coach in the Italian top-flight.
His new deal would be around the two million euro ($2.4 million) per season, according to Gazzetta Dello Sport.
“I’ve been telling you for some time, although perhaps you only know him as a player, that Rino (Gattuso) is already an important coach and in the future will be one of the best in the world, so it’s only right that Milan keep hold of him.
“We are working to start a new era with Gattuso, because we believe he is the right coach for a Milan that must be a protagonist over the next few years.”
Gattuso — an AC Milan player from 1999-2012 — has guided the northern Italian side on a 10-game unbeaten streak in Serie A, including eight wins, ahead of Saturday’s game against champions Juventus in Turin.
Italian media reports suggest he could sign the new deal prior to the city derby against Inter Milan on April 4.
“We all want it (contract), Rino like all of us, we just need to find the right time to do what we have to do,” added Mirabelli.

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