Global shares were blended Wednesday amid growing tensions between the U.S. and the European Union and a dim prediction on international economic development.

France’s CAC 40 rose 0.4% in early trading to 5,455.98, although Germany’s DAX gained 0.5percent to 11,907.95. Britain’s FTSE 100 was little changed but marginally lower at 7,420.13. U.S. shares were put to drift higher with Dow futures up 0.1% at 26,193. S&P 500 stocks were up 0.2percent at 2,887.30.

Japan’s benchmark Nikkei 225 dropped 0.5% to finish in 21,687.57. South Korea’s Kospi added 0.5percent to 2,224.39. Hong Kong’s Hang Seng shed 0.1% to 30,119.56, whereas the Shanghai Composite inched up almost 0.1 % to 3,241.93.

The threat against President Donald Trump to impose $11.2 billion in tariffs on European products, such as cheese, wine and helicopters, can make traders more worried about trade disputes damaging an already slowing global economy in a time when the U.S. is trying to solve a trade conflict with China.

That spat is weighing on a slowing economy and also has made a listing of products more costly for consumers. A week negotiators met again and both sides have said they are making progress.

Traders also were frustrated to realize that the International Monetary Fund lowered its forecast for growth this year. The IMF now projects 3.3% worldwide increase in 2019, fitting the weakest year because 2009. The U.S. fared especially poorly in the report, with growth now anticipated at 2.3 percent, down from 2.9percent in 2018.

Investors will probably get hints about the Fed’s intentions once moments are released by the central bank from its policy meeting. Wednesday the European Central Bank may even fulfill.

“following the sporing of expansion and trade tension concerns once more, sentiments in Asia markets have been undermined,” explained Jingyi Pan, market strategist in IG in Singapore.

ENERGY:

It dropped 0.7percent to repay at $63.98 a barrel Tuesday. Brent crude additional 36 cents to $70.97 per cone.

CURRENCIES:

The dollar dropped to 111.15 yen out of 111.28 yen Tuesday. The euro inched down to $1.1270 from $1.1277.

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