World markets calm as US-China trade hopes lift shares
Asian stocks bounce and Europe starts higher on trade hopes; the Turkish lira is in focus as Turkey’s central bank expected to raise rates
London — World markets calmed after signs of movement in the US-China trade stand-off and ahead of major central bank meetings on Thursday, including emerging-market trouble spot Turkey. News that US President Donald Trump’s administration had reached out to Beijing for a new round of trade talks had helped Asia rally after several torrid weeks, which has included the region’s longest losing streak since 2000. Shanghai, Tokyo, Jakarta stocks all gained about 1% and Hong Kong’s Hang Seng finished up 1.8%, while China’s yuan also edged higher in the currency markets. Washington’s invitation follows threats from Trump to impose tariffs on practically all imports from China in the absence of key concessions from Beijing. Europe moved higher too, with 0.2% to 0.6% gains for German, French, Italian and Spanish shares offsetting a weaker FTSE in London, which was hit by weaker oil and tobacco stocks. For MSCI’s All World stocks index, which tracks 47 countries, it looked set to be a fourth...
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