[Gerald]

LONDON (Reuters) - World stocks slipped on Friday as expectations that trade tensions will dominate this weekend’s summit of G7 countries and renewed talk of monetary tightening by major central banks weighed on risk sentiment.

The MSCI All-Country World index .MIWD00000PUS, which tracks shares in 47 countries, was down nearly half a percent by afternoon in Europe, although it was still on track to break a three-week streak of losses. Futures indicated Wall Street was set to open lower. ESc1 NQc1>

Fears of a trade war, expectations of more rate hikes in the United States, and the prospect that the European Central Bank will soon signal a winding-down of its massive monetary stimulus all contributed to the risk-off tone, investors said.

https://www.reuters.com/article/us-g...-idUSKCN1J400B

The tones get harder.