LONDON: World stocks inched up on Wednesday but were still below the six-month high they reached earlier this week as the prospect of the European Central Bank issuing fresh multi-year loans to banks helped offset concerns about U.S. President Donald Trump threatening more tariffs against the European Union.
Trump threatened on Tuesday to impose tariffs on US$11 billion worth of EU products in a long-running dispute over aircraft subsidies, opening a new front in his global trade war. Earlier, MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.1 percent, a day after rising to its highest since Aug. 1.Channel NewsAsia - Sentifi topic widget
Global debt yields held mostly steady, with the 10-year German Bund yield little changed around the zero percent mark.
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Europe: Stocks steady before EU summit, ECB rate call[LONDON] Europe's main stock markets steadied in opening trade on Wednesday, before the EU's crucial Brexit summit and the European Central Bank's latest interest rate decision. Read more at The Business Times.
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