Anonymous ID: 5e6851 Feb. 18, 2019, 3:08 a.m. No.5240208   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

World stocks lifted to 2-1/2 month highs by trade optimism

 

London (Reuters) - Hopes of progress in Sino-U.S. trade talks and expectations of policy stimulus from central banks lifted world stocks to 2-1/2 month highs on Monday, though European gains were dampened by concerns over the car sector's outlook.

 

MSCI's All-Country World Index rose 0.3 percent after Japan's Nikkei closed up 1.8 percent at its highest level of the year and MSCI's index of Asian equities rose almost one percent. Shanghai blue chips surged 2.7 percent to their highest finish in more than six months.

 

Trade negotiations between the United States and China will resume this week, with U.S. President Donald Trump saying he may extend a March 1 deadline for a deal. Both sides reported progress at last week's talks in Beijing.

 

But the mood was more subdued in Europe, where a pan-European equity index inched to new four-month high but gains were capped by the auto sector, which was hit by data showing Chinese car sales fell 16 percent in January, their seventh straight month of decline.

 

The autos index, a bellwether for Europe's economy, fell 0.9 percent, also pressured by fears that a U.S. Commerce Department report to President Trump could unleash steep tariffs on imported cars and auto parts. German shares fell 0.3 percent.

 

Trump has 90 days to decide whether to act upon the recommendations.

 

https://www.marketscreener.com/news/World-stocks-lifted-to-2-1-2-month-highs-by-trade-optimismโ€“28024244/?countview=0

 

https://www.kitco.com/charts/livegold.html