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NEW YORK (Reuters) – A gauge of global stocks fell for a third consecutive day on Friday amid uncertainty about global economic growth and trade tensions, posting its first weekly drop this year, while the U.S. dollar tallied its strongest week since August gold plated cufflinks india. MSCI’s gauge of stocks across the globe shed 0.35 percent on the day, and dropped for the week following six consecutive weekly increases. Still, Wall Street’s main equity indexes rallied late in the day on Friday, with the benchmark S&P 500 ending marginally positive..

Investors were digesting economic and trade developments from Thursday, when the European Commission sharply cut its forecast for euro zone growth this year and next and U.S. President Donald Trump said he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline to achieve a trade deal. “Right now, the focus really is on China,” said Mark Otto, global markets commentator for GTS in New York. “The market doesn’t like uncertainty, and it seems to be in abundance at this particular time.” gold plated cufflinks india.

The Dow Jones Industrial Average fell 63.27 points, or 0.25 percent, to 25,106.26, the S&P 500 gained 1.83 points, or 0.07 percent, to 2,707.88 and the Nasdaq Composite added 9.85 points, or 0.14 percent, to 7,298.20. Analysts now expect first-quarter earnings for S&P 500 companies to decline 0.1 percent from a year earlier, which would be the first such quarterly profit decline since 2016, according to IBES data from Refinitiv gold plated cufflinks india. “The sentiment continues to be investor anxiety about U.S.-China trade relations, the slowing global growth, and I think this week what is starting to really creep into investors’ anxiety is around corporate earnings,” said Michael Arone, chief investment strategist at State Street Global Advisors in Boston..

The pan-European STOXX 600 index lost 0.56 percent. The dollar edged higher against a basket of currencies, and had its strongest weekly gain in six months, as traders piled into the greenback in a safe-haven move on worries about a weakening global economy. The dollar index rose 0.13 percent, with the euro down 0.17 percent to $1.1321 gold plated cufflinks india. “The rally that propelled the dollar broadly higher last year has enjoyed renewed life with U.S. growth remaining solid while peers abroad lose momentum,” said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington..

WASHINGTON (Reuters) – A senior administration official said on Friday that U.S. national security depends on affordable energy, and slammed cartels when asked if President Donald Trump would support a bill targeting the OPEC production group’s oil supply cuts. “The United States is firmly committed to open, fair and competitive markets for global energy trade,” said the official, who spoke on condition of anonymity gold plated cufflinks india. “We do not support market-distorting behavior, including cartels.”..