Stocks Decline as China Toughens Trade Rhetoric: Markets Wrap

Treasury yields fell and the dollar edged higher. The Stoxx Europe 600 Index declined, led by carmakers and retailers, and contracts on the S&P 500 fell. Traders are having to reassess prospects for a trade deal after commentary on the blog Taoran Notes, which was carried by state-run Xinhua News Agency and the People’s Daily, the Communist Party’s mouthpiece, accusing the U.S. of playing “little tricks to disrupt the atmosphere.” Indications that the talks are paused will focus attention on the next opportunity for Presidents Xi Jinping and Donald Trump to meet -- at the Group of Twenty meeting in Japan next month.

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