Morning Bid: China AI rally rouses trade war-weary markets

A look at the day ahead in European and global markets from Ankur Banejee

An action-packed week in the markets is heading for a more subdued finish as traders await U.S. payrolls data, although the lingering threat of a trade war kept investors hesitant about placing major bets.

Stock trading in Asia was mostly directionless with the notable exception of China, where an AI-fuelled rally sent Hong Kong’s Hang Seng surging to a three-month high on Friday and its strongest weekly gain in…