News Global stocks off lows, oil rallies after US missile strike on SyriaAn oil pump jack: Investors had already been on edge with talks poised to begin between Donald Trump and Chinese leader Xi Jinping over flashpoints such as North Korea and China's huge trade surplus with the United States. The US dollar recouped all of its losses against a basket of major currencies and was last trading little changed. European stocks fell 0.3 per cent weighed down by weakness in mining stocks as investors locked in some profits following the sector's stellar run this year. A US defence official told Reuters the missile strike was a "one-off", helping to calm market nerves. Oil prices hovered near one-month highs though prices pared some gains as there seemed no immediate threat to supplies.

Source: The North Africa Journal April 07, 2017 11:48 UTC