Stocks mixed as global markets eye US-China tariff talks

Global stocks were mixed Friday arsenic markets awaited play US-China talks amid hopes for a deescalation successful the commercialized warfare betwixt the world's 2 largest economies.

"If ever determination was a hold and spot Friday, this is it," said Art Hogan of B. Riley Wealth Management. "It's each astir our perceptions of however the commercialized warfare is going."

Representatives from the 2 countries are scheduled to conscionable successful Switzerland this weekend. Analysts bash not expect a breakthrough but are hoping for deescalation successful the commercialized war.

US President Donald Trump said an 80 percent tariff connected China "seems right" successful a station connected societal media. That would beryllium a displacement from the three-digit levies the 2 countries person imposed connected each different successful caller weeks.

After opening higher pursuing Trump's remarks, US stocks moved successful a choppy fashion, with the S&P 500 finishing narrowly lower.

Trump's comments came a time aft the United States and Britain announced the archetypal statement since the US President launched his tariffs blitz past month.

"Coming blistery connected the heels of yesterday's UK-US commercialized deal, determination is an aerial of optimism that we could spot further deals travel to fruition astir the globe," said Joshua Mahony, main marketplace expert astatine Scope Markets.

Frankfurt's DAX rose 0.6 percent, hitting a caller precocious of 23,543.27 points, recouping losses spurred by Trump's April tariffs announcements.

Paris and London besides climbed pursuing a mixed showing successful Asia.

Tokyo and Hong Kong closed higher but Shanghai dropped arsenic information showed China's exports to the United States plunged by astir 1 5th on-year successful April arsenic Trump's tariffs kicked in.

Oil prices jumped connected hopes that easing tensions betwixt the United States and China would alleviate fears of a slump successful crude demand.

The dollar dropped aft rallying connected quality of the US-UK commercialized deal.

Among idiosyncratic companies, Lyft changeable up much than 28 percent arsenic it announced a caller $750 cardinal stock repurchase programme aft reporting mixed earnings.

- Key figures astatine astir 2030 GMT -

New York - Dow: DOWN 0.3 percent astatine 41,249.38 (close)

New York - S&P 500: DOWN 0.1 percent astatine 5,659.91 (close)

New York - Nasdaq Composite: FLAT astatine 17,928.92 (close)

Frankfurt - DAX: UP 0.6 percent astatine 23,499.32 (close)

London - FTSE 100: UP 0.3 percent astatine 8,554.80 (close)

Paris - CAC 40: UP 0.6 percent astatine 7,743.75 (close)

Tokyo - Nikkei 225: UP 1.6 percent astatine 37,503.33 (close)

Hong Kong - Hang Seng Index: UP 0.4 percent astatine 22,867.74 (close)

Shanghai - Composite: DOWN 0.3 percent astatine 3,342.00 (close)