London — Stock markets fought to keep a global rebound alive on Tuesday after US President Donald Trump seemed to squash the hope of a trade truce with China, clouding what had been a bright start to the week. The pan-European Stoxx 600 benchmark was down 0.1%, pulling back from a one-week high hit in the previous session. Japan’s Nikkei managed to add 0.65% and Chinese blue chips rose 0.4%. MSCI’s broadest index of Asia-Pacific shares outside Japan was last up 0.4%. E-mini futures for the S&P 500 dipped 0.1% and spread-betters pointed to a subdued start for the major European bourses. The MSCI All-Country World index, which tracks shares across 47 countries, was up less than 0.1%. In an interview with the Wall Street Journal, Trump said he expects to raise tariffs on $200bn in Chinese imports to 25% from 10% currently. He said it was “highly unlikely” he would accept China’s request to hold off on the increase, planned for January 1. The comments ran counter to recent speculation a...
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