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World stocks eke out gains ahead of ECB meeting

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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 ...

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.
Source: BusinessTimes - 🏆 15. / 51 Read more »