Author: Vitaliy Dadalyan

Global Markets: Shares set to end week back in black, caution ahead of payrolls

Global Markets: Shares set to end week back in black, caution ahead of payrolls

World shares hit a one-week high on Friday before easing a touch, as caution ahead of jobs data in the United States outweighed a potential breakthrough in nuclear tensions over the Korean peninsula. Gains came largely from stocks in Asia, which staged sharp rallies after U.S. President Donald Trump said he was prepared to meet North Korea's Kim Jong Un, potentially marking a major breakthrough in nuclear tensions between the two countries. Trump's aides have been wary of North Korea's diplomatic overtures because of its history of reneging on international commitments and the failure of efforts on disarmament by previous U.S. administrations.


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Ford's China vehicle sales in February fall 30 percent year-on-year

Ford Motor Co said on Friday its vehicle sales in China, hampered in part by a dearth of new products, fell a sharp 30 percent in February from a year earlier, as it continued to struggle in the world's largest auto market. The U.S. automaker, whose sales in January fell 18 percent year-on-year, said sales volumes last month totaled 47,483 vehicles. Sales volumes in the first two months of the year fell 23 percent to 123,473 vehicles from the same period a year ago.


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