Stock markets slump as Huawei arrest fuels trade war fears – business live

The Guardian - Dec 06, 13:37 GMT

Shares have been hit by the shock arrest of Huawei CFO Meng WanzhouLatest: European stock markets hit lowest since December 20161

Shares have been hit by the shock arrest of Huawei CFO Meng Wanzhou

The latest US jobs data isn’t too encouraging.

American companies hired 179,000 new workers last month, according to payroll firm ADP. That’s 16,000 fewer than expected, and may show that the US labor market has peaked.

ADP REPORT: U.S. JOB GROWTH STRONG, BUT HAS LIKELY PEAKED

How big is Meng Wanzhou’s arrest? Massive, argues Politico’s Marty Kady:

The arrest of the Huawei executive is a BIG deal in China and is probably being underplayed in the US news cycle. Equivalent of an Apple or Facebook exec being arrested in China. https://t.co/Aoh1szWUNx

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