Shares retreat globally on U.S.-China tensions, gold soars – ZAWYA

Shares retreat globally on U.S.-China tensions, gold soars – ZAWYA

shares retreat globally on u.s.-china tensions, gold soars markets eye escalating u.s.-china tensions    a man wearing a face mask is seen inside the shanghai stock exchange building, as the country is hit by a novel coronavirus outbreak, at the pudong financial district in shanghai, china february 28, 2020. new york/london: shares worldwide skidded further on friday as a pick-up in u.s. and european business activity did little to ease investors' jitters surrounding sino-u.s. tensions, while gold kept marching toward a record high as it broke above $1,900 an ounce.the mood darkened after beijing ordered washington to close the u.s. consulate in chengdu, in retaliation for china being told to shut its consulate in houston earlier this week. european equities fell, even as data showed business activity in the euro zone returned to growth. german manufacturing avoided contraction for the first time in 19 months in july with a notable upturn in sales abroad.  the mood darkened after beijing ordered washington to close the u.s. consulate in chengdu, in retaliation for china being told to shut its consulate in houston earlier this week.new york/london: shares worldwide skidded further on friday as a pick-up in u.s. and european business activity did