G20 border markets warn that trade disputes threaten the global economy – businesses live | Business

"Maw jaw is still better than war," as Churchill said.

But discussions at the G20 meeting did not result in a breakthrough in the trade dispute between Washington and Beijing.

US Treasury Secretary Steven Mnuchin said that there had been no "substantive discussions" with China over trade at the rally in Argentina. He also argued that the ball is now in their court, saying:

"Whenever they want to sit down and negotiate significant changes, me and our team are available."

Mnuchin also denied that America was protectionist, insisting that it simply wants trade to be conducted at "just and reciprocal conditions".

The G20 meeting provided new evidence that America and its allies (or "adversaries", as Donald Trump sometimes sees them) remain divided over trade policies

The Commissioner for Financial Affairs of the United States EU Pierre Moscovici, warning that no one would win from a trade war

He said at a press conference after the meeting that:

"Protectionism, I insist on this point, is not good for anyone.] "Trade wars are not easy … they do not create winners, only losses."

Moscovici also warned that disputes This could be aggravated by the "very difficult" state of world relations:

"These meetings took place in a very difficult international context. … Trade tensions remain high and may worsen further.

Hello and welcome to our continued coverage of the global economy, financial markets, the euro zone and business.

Anxiety Aroused by a Trade War Continues to Strengthen After Finance Ministers and Central Bankers Warn That Risks After a G20 Meeting in Buenos Aires, CFOs of the World's Advanced Economies warned that growth was becoming "less synchronized".

With increasing inequality and geopolitical tensions, the G20 fears The G20 summit has ended with a call for more dialogue to avoid trade disputes – just days after the US president Trump triggered the markets by threatening to impose tariffs on all Chinese imports.

The statement said:

"World economic growth remains robust and unemployment is at its lowest in a decade."

"However, growth has been less synchronized Downside risks have increased in the short and medium term"

The G20 cited a series of risks …

"These include increasing financial vulnerabilities, increased trade and geopolitical tensions, global imbalances, structural inequalities

We recognize the need to intensify dialogue and actions to mitigate risks and build confidence. "

These The G20's harsh words should not prevent Trump from pushing America first, though. Thus, the threat of a trade war continues to weigh on investors

Asian markets are experiencing a mixed day, the Japanese Topix falling by 0.35% and the Australian S & P / ASX 290 of almost 1%.

Beginning of trading in London, with the FTSE 100 down 0.35% or 26 points to 7652.

Jasper Lawle of London Capital Group says:

No progress the G20 on trade issues means that commercial tracers are sent across the markets. Asian equity markets fell as traders took risks, while flows to safe havens again rose.

Japanese yen rose 0.9% against the dollar, while gold followed a similar move. European markets also announce weaker start after opening bell

There is not much economic data to distract the city today, apart from home sales to the states United States and euro zone consumer confidence data this afternoon

• BST: Euro zone consumer confidence for July
• 15:00 BST: US home sales for July
• 6:00 pm BST: The Vice Governor of the Bank of England Ben Broadbent addresses the Society of Professional Economists.
  at 03:26 EDT