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