Trade tensions between America and China continued to hold back the Dow Jones industrial average which closed 558.72 points lower at 24,388.95, a weekly fall of 4.5 per cent NICOLAS ASFOURI/GettyEuropean and Asian markets staged a rebound from the biggest sell-off since the Brexit vote yesterday, but lingering fears of a trade war between Beijing and Washington and weak US jobs continued to weigh on Wall Street. London’s leading stocks rose 74 points, closing 1.1 per cent higher at 6,778.11, but it was not enough to reclaim ground lost after Thursday’s 3.2 per cent fall, the largest decline since the 2016 referendum. It ended the worst week for the FTSE 100 in two months. European markets recovered from heavy losses triggered by news that a senior executive at Huawei had been arrested, which appeared to dash hopes of any early resolution of the trade dispute between China and the United States. The eurozone’s Stoxx index…

Source: The Times December 08, 2018 00:05 UTC