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
Brazilian legend Pele says he is confident about Brazil’s chances at the upcoming World Cup and expects injured star Neymar to be fully fit to lead the side in Russia.
Speaking to AFP in Dubai, the 77-year-old, who has been in ailing health recently, put his faith in Paris Saint-Germain striker Neymar’s ability to recover from a fractured foot in time to lead Brazil to a possible sixth global football title.
“We don’t know exactly what is going to happen, but I think for the World Cup he’s going to be in shape because his injury is not so bad,” said Pele, the only person to have won the World Cup three times as a player.
“I wish he has the same luck I had in the World Cup.”
PSG’s Neymar, the world’s most expensive player, has not played since breaking a metatarsal bone in his right foot on February 25 in a Ligue 1 match against Marseille. He said last week he is still recovering following surgery but expects to be fit in time for the World Cup from June 14 to July 15.
– Excellent players –
In the last World Cup on home soil four years ago, Brazil were humiliated 7-1 by eventual winners Germany in the semi-finals but Pele feels the team under “psychologist” Tite, which breezed through South American qualifying, has the tools to go all the way.
In the last World Cup on home soil four years ago, Brazil were humiliated 7-1 by eventual winners Germany in the semi-finals but Pele feels the team under “psychologist” Tite, which breezed through South American qualifying, has the tools to go all the way.
“I am confident because Tite, the new coach, now (has) had a little time to set up the team.
“We have a lot of excellent players in Europe. The problem is to put the team together.
“I think we’re going to have a good team in the next World Cup.”
Pele said he expected few surprises at the tournament, identifying Lionel Messi’s Argentina, Germany, England and France as potential challengers — although he didn’t mention 2010 world champions Spain or current European laureates Portugal, led by their talisman Cristiano Ronaldo.
However, he said “football is a box of surprises”.
As for his own health problems — Pele cancelled a trip to England in January due to “exhaustion”, although his spokesman denied he had been hospitalised — Pele said there was little cause for concern.
“I cannot play in the next World Cup but I feel good,” he said with a hearty laugh.
“I had an injury, then I had to make a surgery for the head of my hip, then I had to replace (it), then I had a little problem with my meniscus, but now I am OK, I am ready, in good shape!”
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