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Stocks across the globe rise on positive sentiment around trade talks

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MSCI's all-country world index, which tracks shares in 47 countries, was up 1% on the day and was set for its best week since early January

The company logo for Boeing is displayed on a screen on the floor of the NYSE, US, March 11 2019. Picture: REUTERS/BRENDAN MCDERMID

Chinese vice-premier Liu spoke by telephone to US treasury secretary Steven Mnuchin and US trade representative Robert Lightizer, and the two sides made substantive progress on trade, news agency Xinhua reported.The Shanghai Composite Index added 1% and Japan's Nikkei climbed 0.8%. China has so far promised billions in tax cuts and infrastructure spending, as weakening domestic demand and the trade war with the US curbs economic growth.

"We view the overall outcome of this week’s votes ... as positive for UK assets," strategists at BNP Paribas wrote in a research note."Indeed, the pound has risen by 2% on the week. Yet, while most of the routes ahead now look net positive, we still expect a bumpy path."

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