Market Update

May 19, 2019

Latest market wrap
The close: Wall Street ends lower on trade uncertainty
  The close: Wall Street ends lower on trade uncertainty
A major global stocks index fell on Friday and the Chinese yuan weakened as financial markets were again jostled by uncertainty over global trade tensions.

Geopolitical concerns also deepened on news that talks regarding Britain’s split with the European Union had faltered, putting pressure on the British pound.

MSCI’s gauge of stocks across the globe shed 0.59 per cent.

“Markets are priced so close to perfection that it really doesn’t take very much of a wobble to any of the bull narratives to catalyze moves in the market, and I think that’s what we’re seeing with the trade headlines,” said Pete Cecchini, chief market strategist with Cantor Fitzgerald.

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