London — Global stock markets steadied after a three-day rally on Wednesday as traders continued to watch incoming economic data and awaited new developments from US-China trade talks.

MSCI’s all country world index was flat on the day, after rallying 1.3% since Friday. World stock markets have rallied on a scaling-back of recession bets amid rising optimism about a US-China trade deal in November, and as global business surveys indicate tariff-hit manufacturing sentiment has troughed...

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