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
The 80-year-old, in one of the charges, drugged and molested of his then-friend, Andrea Constand, at his home outside Philadelphia in 2004. The trial saw a lot of women accuse him of sexual assault dating back to decades. In the trial, five women including Constand testified against him. Meanwhile, Thomas Mesereau, Cosby's Lawyer, has expressed disappointment with the verdict. His lawyers have also said that he will appeal.