The pan-European Stoxx 600 was 0.25 percent higher with almost every sector trading in the black. Basic resources were the top gainers in early trade, up by more than 1 percent.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.27 percent.
· Japanese shares recovered after slumping to 3-1/2-week lows on Tuesday, as recently battered stocks rose on short-covering, despite worries about global trade tensions.
The Nikkei clawed its way back to end flat at 22,342.00, after falling 1 percent in early trade to 22,104.12, the lowest level since June 1.
· China joined the global sell-off of equities on Tuesday, with its share markets falling as escalating trade friction between the United States and other major economies steered investors away from riskier assets.
The blue-chip CSI300 index fell 0.8 percent to 3,531.11 points, while the Shanghai Composite Index slid 0.5 percent to 2,844.51 points.
· The S&P 500 fell immediately at the open on Monday, as the trade war fears continue to weigh upon trader sentiment. The market looks likely to continue to be a bit difficult to deal with, and as I record this it looks as if we are trying to break through the 2725 handle, an area that is supposed to be short-term support.
The S&P 500 fell immediately at the open on Monday, losing over 1% almost instantly. The market continues to see a lot of volatility, mainly due to the concerns about the trade war escalating, which it certainly looks as if it well. I believe that this is a short-term move though, because in the end the market does continue to pick up these little bits of panic. I think that the 2700 level will offer a significant “floor” in the market, so if we were to break down below there it would be a very negative turn of events. Because of this, I think that small positions are probably about as good as it gets, and I would be very cautious about putting too much money to work right away.
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