World stocks are flat, just off six-month high
Oil above $80 lifts stocks and offsets a trade- and bond-market chill, with bond yields rising on the expectation of more central bank policy tightening
London — European shares rose and Wall Street was set for a stronger open on Tuesday, as oil above $80 a barrel lifted energy shares, despite worries around the latest US-China tariff round and central bank rate hikes. Following falls across Asian share markets, European bourses turned higher, with a pan-European index up 0.5%. Futures for New York's S&P500, Nasdaq and Dow Jones indices were up to 0.25% higher, indicating a stronger session following Monday's falls. MSCI's main index of world stocks also edged into positive territory, though it held off the six-month highs hit earlier this month. While trade tensions continue to fray investors' nerves, oil grabbed the spotlight. After surging more than 3% on Monday, Brent crude futures shot to four-year highs of almost $82 a barrel. The jump was down to US sanctions on Iranian crude exports and the apparent reluctance of oil cartel Opec and Russia to counterbalance this by upping output. "The combination of tight supply, healthy dem...
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