Asian markets closed in the red on the last trading day of the week, as investors in the region digested Thursday's sell-off in emerging markets, with Brazil leading declines. Trade concerns continued to remain in focus. Traders were in a cautious mood ahead of this weekend's G-7 meeting in Canada. after United States President Donald Tump lashed out on Twitter at European and Canadian partners over tariffs ahead of G7 summit.
"Please tell Prime Minister Trudeau and President Macron that they are charging the U.S. massive tariffs and create non-monetary barriers," Trump tweeted. "The EU trade surplus with the U.S. is $151 Billion, and Canada keeps our farmers and others out. Look forward to seeing them tomorrow" he added. In Australia, shares ended lower as investors were worried about world trade.
European markets closed in negative territory on Friday, as world leaders convene in Quebec for the annual G7 summit. The pan-European Stoxx 600 was off by more than 0.2 percent with most sectors in the red. Autos stocks were down 1.17 percent, as worries mounted over the impact of a potential trade war on the sector.
Italy's FTSE MIB was the worst performing index in the continent, down 1.89 percent as investors worry about the country's economic situation. However, German Finance Minister Olaf told broadcaster ZDF on Thursday night "I am very certain that Italy will not fail" .
Across the Atlantic, U.S. markets finished the session on a mixed note but for the week, the major averages all rose at least 1.2 percent.
World Markets Headlines Today
Asian markets head into weekend with losses as G7 looms (Fin24)
India: Sensex, Nifty trim losses, Sun Pharma shares gain 9% (Mint)
Australia: Stocks end lower in choppy trade (Australian Business Review)
European Shares To Open Lower Ahead Of Central Bank Meetings (RTT News)
European markets lower ahead of G-7 summit; BT up by 1.2% (CNBC)
European markets are lower today with shares in Germany off the most (CNN Money)
Stocks Push Higher as Risk-Off Sentiment Eases (Bloomberg)
U.S. stocks turn positive even as trade feud hangs over G-7 summit meeting (Marketwatch)
Dow Moves Higher as Trade Tensions Mount Heading Into G-7 Summit (The Street)
Gold steady as investors wait for next week's Fed meeting, Oil prices rise on ongoing Venezuelan supply trouble (Reuters)
25 Major Markets Stock Indices Closing Data
All Continents Stock Indices Closing Data
Tokyo's Nikkei 225 was off 0.56% while Hong Kong's Hang Seng lost 1.76%. China's Shanghai Composite fell 1.36%. Seoul's KOSPI moved downward 0.77%. Mumbai's Sensex increased 0.81% while Nifty 50 was higher by 0.78%. Australia's ASX 200 finished the day 0.20% in the hole. Singapore's STI dropped 1.06%. Jakarta's Composite decreased 1.85% and Taiwan's Weighted Index was down 0.85%.
The Paneuropean STOXX600 was off 0.24%. France's CAC fell 0.17%. London's FTSE was lower by 0.10%. Belgium's BEL 20 ticked up 0.02%. Amsterdam's AEX fell 0.04%. Moscow's IMOEX ticked up 0.03%. In Southern Europe, Lisbon's PSI20 was up 0.20% while Spain's IBEX 35 was higher by 0.38% and Italy's FTSE MIB dropped 0.18%. In Scandinavia, Stockholm's OMXS30 fell 0.22% while Copenhagen's OMXC25 moved downward 0.62%. Helsinki's OMXHPI ticked up 0.01%.
In Central Eastern Europe, Budapest's BUX dropped 1.77% while Warsaw's WIG fell 0.67%. Prague's PX was lower by 0.09% and Bratislava's SAX slumped 3.35%. Tallinn's OMXT was higher by 0.29% while Riga's OMXR was down 0.86%. In Vilnius, the OMXV was up 0.20%.
In South Eastern Europe, Bucharest's BET was down 0.38% while Sofia's Sofix ticked up 0.02%. Belgrade's Belex 15 fell 0.63%. Podgorica's MNSE10 decreased 0.02%. Sarajevo's SASX10 grew 0.02% while Banja Luka's BIRS jumped 2.78%. Ljubljana's SBI Top was lower by 0.20%. Zagreb's Crobex advanced 0.03%. In Skopje, the MBI10 was off 0.50%. Istanbul's BIST100 dipped 2.03%. In Athens, the General Index finished the day 0.71% in the hole while in Nicosia increased 0.42%.
Dar Es Salaam's ASI dropped 0.22%. Lusaka's ASI moved downward 0.18%. Nigeria's ASI fell 0.96% while Mauritius' SEMDEX gained 0.26%. Uganda's ASI rose 0.56% and Zimbabwe's Industrial Index grew 0.26%.
In Canada, the S&P TSX Composite...In the U.S., the Dow Jones lost 0.30% while the S&P 500 gained 0.31%. The Nasdaq added 0.14%.