World stocks near 15-month high on hopes of US-China trade deal
The US fed is expected to announce policy stimulus at its meeting on Wednesday, but European markets feel weight of mixed earnings
London — World stocks hovered near a 15-month high on Tuesday underpinned by cautious optimism over a China-US trade deal and expectations of another dose of policy stimulus from the US Federal Reserve, with safe havens such as gold and yen on the back foot.
A mixed bag of earnings offset some of the chipper mood on European bourses, with the pan-regional Stoxx 600 snapping a six-day losing streak to ease 0.4% and Germany’s DAX 30 index easing 0.2%. The losses in Europe followed a mixed performance in Asia, where Japan’s Nikkei rose 0.4% to reach levels last seen a year ago. Shanghai blue chips dithered either side of flat...
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