Global Markets: U.S. stock futures gain on trade hopes, euro dogged by dismal data
By Hideyuki Sano TOKYO (Reuters) - U.S. stock futures gained in early Asian trade on Tuesday after U.S.
By Hideyuki Sano
TOKYO (Reuters) - U.S. stock futures gained in early Asian trade on Tuesday after U.S. Treasury Secretary Steven Mnuchin said U.S.-China trade talks will resume in early October while the euro struggled in the wake of dismal European manufacturing and services data.
MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> barely budged, up just 0.03% while Japan's Nikkei <.N225> ticked up 0.10% after a market holiday on Monday.
U.S. stock futures
"The comments gave a little bit of boost to sentiment, but markets are still not that optimistic either," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.
"It seems there have been a lot going on behind the scenes," he said, referring to unusual exchanges in which U.S. President Donald Trump questioned a decision by his top trade negotiators to ask Chinese officials to delay a planned trip to U.S. farming regions.
That cancellation was seen by markets as a sign all is not well in the U.S.-China talks and helped to send share prices lower on Friday. The dispute between the world's two largest economies has dragged on for well over a year, rattling investors and denting global growth.
A slowing global economy remained front and centre in financial markets, as poor business activity readings from the euro zone deepened fears of a recession and suggested more stimulus was required.
The euro wobbled at $1.0995
Sterling also slipped to $1.2435
The Supreme Court said it will issue its decision at 0930 GMT on Tuesday.
The collapse of the British travel firm Thomas Cook
The yen traded at 107.49 yen per dollar
U.S. Treasuries yields extended their decline, with the 10-year rate falling to 1.716%
Oil prices dipped slightly but were still supported by doubts on whether Saudi Arabia would be able to restore full output as it has promised after the Sept. 14 attacks on its facilities.
Gold held firm at $1,522.2 per ounce
(Editingt by Shri Navaratnam)
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