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
This week has given Pep Guardiola and Manchester City precious little to cheer, and it will go down as one of the worst in the coach's illustrious career.
City appeared to be cruising to the Premier League title midway through Saturday's derby against Manchester United, as goals from Vincent Kompany and Ilkay Gundogan established a 2-0 lead.
United, however, came firing back after the break and Paul Pogba's double formed the foundation of a famous three-goal comeback for the visitors.
Guardiola and City needed victory to seal the crown, but they will now have to wait at least another week to close out what still seems an inevitable victory.
More alarming, though, is a suddenly leaky defence that is worse than anything Guardiola has experienced.
The Red Devils are the second team to put three past Ederson in the space of four days, after Liverpool crushed the Champions League hopefuls 3-0 at Anfield in Wednesday's quarter-final first leg.
Both games betray possible lapses in concentration that have cost City dear; Liverpool's three goals came in the space of 19 minutes, while United needed a mere 16 minutes to turn things round at the Etihad.
Never before, either at Barcelona nor Bayern Munich, had a Guardiola side conceded three times in consecutive games, a run that stretches back an incredible 514 fixtures.
Now, with the return match against Liverpool looming large on the horizon on Tuesday, the manager must hope his team shake off this late-season slump and return to their imperious best.
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