European shares staged a comeback from early losses on Tuesday as growth sectors led the charge, after Washington’s move to delay tariffs on some Chinese goods provided a lift to battered global sentiment. The markets finished higher with shares in France leading the region. The CAC 40 is up 0.99% while Germany's DAX is up 0.60% and London's FTSE 100 is up 0.33%. Teh Pan European STOXX 600 gain 0.54%.
U.S. Stocks, bond yields and commodities jumped Tuesday as news that the U.S. would delay some tariffs against China rekindled investors’ hopes for an eventual trade truce. The Dow Jones Industrial Average was up 372.54 points, or 1.4%, at 26,279.91, the S&P 500 was up 42.57 points, or 1.48%, at 2,926.32. The Nasdaq Composite was up 152.95 points, or 1.95%, at 8,016.36.
Oil prices on Tuesday jumped by the most so far this year after the United States said it would delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummeled the market in recent months. Brent futures rose $2.73, or 4.7%, to settle at $61.30 a barrel, while U.S. West Texas Intermediate (WTI) crude gained $2.17, or 4.0%, to settle at $57.10.
Asian shares joined a global equities rally and safe-haven government bonds pulled back on today, after Washington delayed tariffs on some Chinese imports in much-needed relief for markets gripped by political and economic turmoil. Hong Kong's Hang Seng Index gained 0.54%. China's Shanghai Composite Index advanced 0.69%. Japan's Nikkei 225 rose 0.63%. South Korea's Kospi gained o.88%. Australia's ASX 200 added 0.06%.
SGX Nifty Futures in Singapore Exchange is trading up 2.50 points or 0.02% at 10,923.00.
Financial markets around the world have rallied on Tuesday amid cooling tensions in the US-China trade war.Washington announced that it would delay the introduction of 10% tariffs on a range of Chinese goods sold in the US, including technology products such as laptops, mobile phones and game consoles. Equity, debt and currency markets sharply reversed course minutes after Wall Street opened for trade on news from Hong Kong about a call Chinese Vice Premier Liu He held with U.S. officials, according to China’s Commerce Ministry.
Trends on SGX Nifty indicate a flat opening for our markets. In SiNgapore the Index is trading at 10,911.50 with loss of 9.00 points or 0.08%