Global stock markets followed Wall Street lower Monday after the top U.S. diplomat met China’s leader but the two sides gave no sign of progress on an array of conflicts.
London and Paris opened lower. Shanghai, Tokyo and Hong Kong retreated. U.S. markets are closed Monday for a holiday. Oil prices fell.
Wall Street’s benchmark S&P 500 index lost 0.4% on Friday after the Federal Reserve held its benchmark lending rate steady but warned it might be raised later if needed to cool inflation.
