global stock markets

Global stock markets fall as Trump turmoil intensifies

Wall Street's three main indexes shed more than 1.7%, and the dollar erased most gains made since his election.

Asia's main stock markets opened lower following the losses in New York.

Japan's Nikkei 225, South Korea's Kospi and Australia's ASX 200 were down between 0.9 and 1.3% in morning trade.

Oil jumps 10 percent for biggest one-day gain since 2008

U.S. oil rose $3.96, or 10.3 percent, to $42.56 in New York. The last time it posted a similar gain was a 10.3 percent jump on Dec. 11, 2008. Brent crude rose more than 9 percent in London.

Oil has been trading near a 6 ½ year low because of worries about the health of China's economy, concerns that had punished other commodities as well as global stock markets.

Global stocks drift as yuan stable for second day

KEEPING SCORE: Europe started Friday on a positive note. Britain's FTSE 100 added 0.2 percent to 6,579.68 and Germany's DAX rose 0.2 percent to 11,031.37. France's CAC 40 added 0.1 percent to 4,990.99. Futures showed that Wall Street was set for a lackluster day. Dow futures fell 0.1 percent while S&P futures declined 0.2 percent.

Apple outlook weighs on global markets

KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares was down 1.1 percent to 6,693 while the CAC-40 in France fell 0.4 percent to 5,085. Germany's DAX was 0.6 percent lower at 11,534. U.S. stocks were poised for a lower opening too, with Dow futures and the broader S&P 500 futures down 0.4 percent.