World stocks edged higher on Friday and oil prices recovered from bruising falls, after U.S. President Donald Trump nurtured muted hopes of progress in U.S.-China talks while concerns over trade and the health of the world economy persisted.
European stock markets were more upbeat. The pan-regional Euro Stoxx 600 index, Germany’s DAX, France’s CAC and Britain’s FTSE 100 all rose around 1 percent. Flight-to-safety plays continued to dominated global markets with the benchmark 10-year U.S. Treasury note yield hitting 2.292 per cent overnight, the lowest level since mid-October 2017. The yield last stood at 2.3220 per cent.
Washington last week effectively banned U.S. firms from doing business with Huawei, the world’s largest networking gear maker, citing national security concerns.