Premarket: World stocks edge higher on Brexit hopes, trade optimism fades

This translation has been automatically generated and has not been verified for accuracy.Global stocks edged higher on Tuesday yet safe havens were still in play as markets tried to balance fading optimism over the latest China-U.S. trade truce with the likelihood of a Brexit deal by Thursday’s European Union summit.

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. Asian shares had nudged slightly higher while Japan’s Nikkei stock index was up 1.9%. U.S. stock futures rose 0.5% after the S&P 500 ended 0.14% lower on Monday.

Yet those concerns did little to quash market optimism for now, with Britain expected to make new proposals on Tuesday.

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Global stocks mixed after U.S., China announce tariff truceAsian stocks rose while European markets opened lower Monday after Washington and Beijing announced a truce on tariff hikes in a trade war.
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