MTS Help Center

• European equities jumped higher Tuesday morning as concerns over a global trade war eased.

The pan-European Stoxx 600 was up 1.3 percent with every sector moving in positive territory. Basic resources was the top performing sector up by more than 2 percent, closely followed by technology stocks.

Overall the main driver of market sentiment was news that the U.S. and China are open to discuss trade-related issues. The news comes after a ratcheting up of tensions between the superpowers and fears of a potential trade war. The White House is seeking reduced tariffs on imported cars as well as asking China to allow foreign majority ownership of financial services firms in exchange for not imposing higher prices on an array of imported Chinese goods.

• Asian share markets sprang higher on Tuesday as reports of behind-the-scenes talks between the United States and China rekindled hopes that a damaging trade war could be averted, in turn sapping life from the dollar and yen.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose almost 1 percent, while China blue chips .CSI3000 added 0.9percent.

• Japan’s stocks rose sharply on Tuesday as immediate concerns about trade frictions between the United States and China abated, helping trade-exposed sectors such as chip manufacturers, and following a firm lead from U.S. futures.

The Nikkei ended 2.7 percent higher at 21,317.32.

• China stocks snapped a four-session losing streak to end higher on Tuesday, powered by robust gains in tech firms, and as trade war fears eased on reports of behind-the-scenes talks between the United States and China.

At the close, the Shanghai Composite index was up 1 percent at 3,166.65, while the blue-chip CSI300 index was up 0.86 percent at 3,913.27.

Reference: Reuters, CNBC