Global stocks weighed down by concerns over trade, Italian budget

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Global stocks weighed down by concerns over trade, Italian budgetMixed trading in benchmark U.S. indexes was not enough to turn global stock markets higher Tuesday as concerns about Italy's budget and the fate of U.S.-China trade talks continued to weigh on investor sentiment, pushing safe haven U.S. Treasury yields to their lowest levels since October 2017. Markets had been cheered by limited gains for nationalists in the EU elections, though wins for euroskeptic parties in Italy, France, Poland and would-be ex-member Britain, as well as snap elections in Greece and political turmoil in Austria, curbed risk appetite. Italy's dispute with the European Commission, however, emerged to dominate European trading as markets opened.


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