European shares bounce from one-week low
Global stocks have had a good year so far despite worries over US-China trade talks and Brexit, with the MSCI’S all-country world index up nearly 10% since January 1
London — World stock markets rose on Monday, as investors eyed the resumption of trade talks between the US and China and watched for signs of progress on Brexit. European markets took their cue from a 1% bounce in Chinese shares, which resumed trading after a week-long Lunar New Year holiday. The pan-European STOXX 600 index rebounded from one-week lows, helped by some deal-making and gains in mining and banking shares. Worries about a slowdown in global growth, an ongoing US-China trade dispute and US politics have been foremost in investors’ minds. Safe-haven bonds and the dollar have gained amid the prolonged uncertainty. Stocks have had a good year so far notwithstanding, with MSCI’S all-country world index up nearly 10% since the start of the year. The index was nearly 0.2% higher on Monday. The dollar reached its highest in six weeks against a basket of currencies, rising for an eighth consecutive day as investors piled into the world’s most liquid currency. The chief focus f...
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