Premarket: Global stocks dip, U.S. dollar in doldrums as Trump’s trade deal deadline approaches


Source: theglobeandmail.com theglobeandmail.com

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Stocks slipped on Friday despite record highs for Wall Street overnight, as U.S. President Donald Trump’s deadline for trade deals loomed next week. The dollar retraced some of Thursday’s gains with U.S. markets already shut for the holiday-shortened week, as traders considered the impact of the sweeping spending bill that Trump is expected to sign into law later in the day. The pan-European STOXX 600 index fell 0.6 per cent, driven in part by losses on spirits makers such as Pernod Ricard and Remy Cointreau after China said it would impose duties of up to 34.9 per cent on brandy...