Market news
08.03.2018, 06:18

Global Stocks

Asia-Pacific stocks rebounded solidly Thursday, as markets in the U.S. and Europe stabilized overnight following weakness sparked by top White House economic adviser Gary Cohn's resignation.

Stocks across Europe finished with gains Wednesday, though shares of metal producers were hit after the resignation of White House economic adviser Gary Cohn. The former Goldman Sachs executive was widely seen as a markets-friendly and stabilizing force in the Trump administration and his departure further stokes worries about the likelihood of a global trade war.

The S&P 500 index and the Dow Jones Industrial Average closed lower Wednesday as the resignation of top White House economic adviser Gary Cohn stoked fears of a trade war but the tech-laden Nasdaq bucked the trend to extend its winning streak to a fourth session.

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