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Expectations that the United States and China would move closer to a trade deal pushed stocks higher on Wednesday, following a Financial Times report that the two sides had solved the problems. the most outstanding.
The futures market is expecting a 0.7% rise in Xetra Dax 30, a major exporter in Frankfurt, and the FTSE 100 in London, at 0.1%.
Hong Kong's Hang Seng posted the best performance in Asia, rising 0.9%, its highest level in nine months, while Japan's Topix rose 0.6%.
The CSI 300 of mainland China added 0.4%, its highest level in a year. Gains in Chinese equities also emerged from a survey of China's services sector, which found that activity reached its highest level in 14 months in March, reflecting improvements in the sector. manufacturing.
The Brent has come close to $ 70 a barrel for the fourth consecutive time, reaching a new high for 2019 due to signs of declining OPEC production and growing confidence in global growth prospects.
The United States and China have resolved most of the issues that were blocking an agreement to end their trade dispute, but there are still some stumbling blocks as to how the agreement will be implemented and enforced. , reported the Financial Times.
Larry Kudlow, director of the National Economic Council of the White House, said on Wednesday that he expected "additional progress" to be made in the negotiations that will resume in Washington on Wednesday.
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- 09.00 euro area PMI
- 09:30 UK PMI services
- 10.00 retail sales from the euro zone (all London hours)
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Markets Briefing is an overview of global markets, updated throughout the trading day by Financial Times journalists in Hong Kong, New York and London. Return of information? Write in the comments below or send us an email.
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