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Stocks fall as China cancels U.S. farm visits, yields dip

Added 09-20-19 05:03:02pm EST - “An index of global stock markets surrendered early gains on Friday after Chinese...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Stocks fall as China cancels U.S. farm visits, yields dip”. Below is an excerpt from the article.

NEW YORK (Reuters) - An index of global stock markets surrendered early gains on Friday after Chinese agriculture officials who were to visit U.S. farm states next week canceled their trip, dampening optimism on U.S.-China trade talks.

Renewed worries about the state of the ongoing trade tensions between Washington and Beijing drove Treasury yields lower and pushed the U.S. dollar down against the safe-haven Japanese yen.

Stocks had started the day stronger as stimulus measures by major central banks eased worries about growth. But optimism faded following the report that the Chinese officials canceled their visit.

The cancellation came as U.S.-Chinese trade talks were held in Washington and U.S. President Donald Trump said he wanted a complete trade deal, not just an agreement for China to buy more U.S. agricultural goods.

On Wall Street, stocks, which had started the day strong following China cutting a key lending rate for the second straight month, reversed course on the news of the canceled farm visits.

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