SYDNEY/TOKYO (Reuters) – Asian stocks retreated from six-month highs on Friday as conflicting signals from China and the United States on progress made in trade talks deflated market hopes of a near term truce to end their damaging tariff war.
In a sign of the anxiety, the pan-region Euro Stoxx 50 futures and German DAX futures eased 0.35% each in early European trading while London’s FTSE futures slipped 0.24%.
E-mini futures for the S&P 500 were down 0.3%.
The moves contrast with Thursday’s surge of optimism in global markets on news Beijing and China have agreed to roll back tariffs on each others’ goods as part of the first phase of a trade deal.
Multiple sources familiar with the talks said the plan faced fierce internal opposition at the White House and from outside advisers.
Worries the pact could fall apart as there was still no specific agreement for a phased rollback prompted some investors to sell heading into the weekend.
MSCI’s gauge of Asia-Pacific…
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