London — World shares hovered near three-week highs on Tuesday, supported by optimism about US company earnings and expectations that global economic growth could withstand trade tension, although political bickering kept British markets on the backfoot. Wall Street was set for a firmer opening after enjoying its best session in a month on Monday, its gains filtering across Asia, where bourses from Hong Kong to Tokyo ended the day firmer. European shares also rose, with a pan-European equity index up 0.2% after touching a two-week high on Monday, while MSCI’s all-country equity index touched a three-week high before easing back as Chinese shares fell into the red at the close of trading. Analysts said markets, especially in Asia, remained on edge over the possibility of an escalation in trade wars after China and the US last week slapped tit-for-tat tariffs on $34bn worth of each other’s goods. While that has spurred fears of a global growth slowdown that would hurt equities and com...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.