World stocks slip with few leads from US-China talks

In this Thursday, Feb. 14, 2019, photo, people walk by an electronic stock board of a securities firm in Tokyo. Asian shares were broadly lower on Friday, Feb. 15, 2019, tracking a weak Wall Street session as traders awaited the conclusion of U.S.-China talks in Beijing. (AP Photo/Koji Sasahara)
An investor walks in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Friday, Feb. 15, 2019. Asian shares are broadly lower, tracking a weak Wall Street session as traders await the conclusion of U.S.-China talks in Beijing. Japan's benchmark Nikkei 225 retreated 1.2 percent and the Kospi in South Korea gave up 1.6 percent on Friday. (AP Photo/Yam G-Jun)
An Investor stands in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Friday, Feb. 15, 2019. Asian shares are broadly lower, tracking a weak Wall Street session as traders await the conclusion of U.S.-China talks in Beijing. Japan's benchmark Nikkei 225 retreated 1.2 percent and the Kospi in South Korea gave up 1.6 percent on Friday. (AP Photo/Yam G-Jun)
An Investor stands in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Friday, Feb. 15, 2019. Asian shares are broadly lower, tracking a weak Wall Street session as traders await the conclusion of U.S.-China talks in Beijing. Japan's benchmark Nikkei 225 retreated 1.2 percent and the Kospi in South Korea gave up 1.6 percent on Friday. (AP Photo/Yam G-Jun)

SINGAPORE — World markets were mostly lower on Friday in the absence of good news as the U.S. and China concluded yet another round of trade talks in Beijing.

France's CAC 40 rose 0.4 percent to 5,080.31 while the DAX in Germany dipped 0.4 percent to 11,044.17. Britain's FTSE 100 edged up 0.1 percent to 7,202.54.

Wall Street was set for losses on the open. S&P 500 futures shed 0.3 percent to 2,735.00. Futures for the Dow were 0.4 percent lower at 25,327.00.

European traders were looking out for possible snap elections in Spain. Prime Minister Pedro Sanchez was to make an announcement Friday after his government lost a key budget vote.

American and Chinese officials were to wrap up two days of negotiations in Beijing on Friday. It was unclear if they made headway on prickly issues such as Washington's unhappiness over Chinese technology and trade policies. Both delegations did not speak to reporters before Friday's meeting.

The U.S. is set to more than double import taxes on $200 billion in Chinese goods after March 1. But Trump has hinted that he may hold off on these if both sides made enough progress at the trade talks.

THE DAY IN ASIA: Japan's benchmark Nikkei 225 retreated 1.1 percent to 20,900.63 and the Kospi in South Korea tumbled 1.3 percent to 2,196.09. Hong Kong's Hang Seng gave up 1.9 percent to 27,900.84. The Shanghai Composite was 1.4 percent lower at 2,682.39. Australia's S&P/ASX 200 bucked the regional trend, picking up 0.1 percent to 6,066.10. Shares fell Taiwan and throughout Southeast Asia.

ENERGY: U.S. crude lost 11 cents to $54.30 per barrel in electronic trading on the New York Mercantile Exchange. It gained 51 cents to settle at $54.41 per barrel in New York on Thursday. Brent crude, used to price international oils, fell 3 cents to $64.54 per barrel. It rose 96 cents to close at $64.57 per barrel in London.

CURRENCIES: The dollar eased to 110.36 yen from 110.45 yen late Thursday. The euro slipped to $1.1275 from $1.1296.

People also read these

Top Indonesia judge gets 8 years in prison for...

Sep 4, 2017

Indonesia's corruption court has sentenced one of the country's top judges to eight years in prison...

Over 130,000 flee menacing volcano on Bali...

Sep 29, 2017

More than 130,000 people have fled the region around the Mount Agung volcano on the Indonesian...

Villagers race to save Bali cows from volcanic...

Sep 30, 2017

Bali's gently lowing cows, prized for their hardiness and doe-like temperament, won't become...

Bali flights resume, but volcanic ash still...

Nov 30, 2017

Flights trickled out of Bali a day after its airport reopened but the erupting volcano there shut...

Skulls in the mail: Indonesia foils artifact...

Feb 9, 2018

Customs officials on the Indonesian tourist island of Bali say they've foiled an attempt to mail 24...