Global shares inch up on trade hopes but growth fears cap gains

Global shares edged up on Tuesday after U.S. Treasury Secretary Steven Mnuchin confirmed U.S.-China trade talks will resume next month, but lingering concerns about slowing global growth reduced the overall appetite for riskier assets.

Global Shares

  • MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.1%.
  • Japan’s Nikkei was up 0.2% after a market holiday on Monday.
  •  Euro Stoxx 50 futures up 0.26%.
  • German DAX futures up 0.24%.
  • FTSE futures up 0.33%.
  • U.S. stock futures gained 0.38%.

Currency

  • The euro wobbled at $1.0987.
  • Sterling also slipped to $1.2431.
  • The yen traded at 107.62 yen per dollar.

Bonds

  • U.S. Treasuries yields extended their decline, with the 10-year rate falling to 1.716%, edging down further from 1.908% marked on Sept. 13.

Commodities

  • Brent crude futures fell 0.52% to $64.43 a barrel while U.S. West Texas Intermediate (WTI) crude lost 0.48% to $58.36 per barrel.
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