Global stocks edged higher on Tuesday yet safe havens were still in play as mark...
was a touch lower as sterling rose against the dollar and the euro, reflecting the cautious optimism about talks between Britain and the EU.
Reports of a “Phase 1” trade deal between the United States and China last week had earlier cheered markets but the dearth of details around the agreement has since curbed this enthusiasm with oil prices extending declines, Chinese stocks weaker and the safe-haven yen holding gains versus dollar. “Global growth is still slowing and is below trend ... There is still scope for earnings disappointment and the remaining uncertainty from trade tensions means business investment is unlikely to improve markedly.”was up 1.9%. U.S. stock futures ESc1 rose 0.5% after the S&P 500 ended 0.14% lower on Monday.
The main sticking point remains the border between EU member Ireland and Northern Ireland, which belongs to Britain. Some EU politicians have expressed guarded optimism that a deal can be reached.
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