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• European stocks open mixed on Tuesday, on the back of a slightly positive, yet cautious tone seen in Asia-Pacific markets.
The pan-European Stoxx 600 was flat with the various sectors taking different directions.
Tit-for-tat trade war talk between China and the U.S. appears to be back on the agenda, after President Donald Trump gave his views on the matter in a recent interview with the Wall Street Journal. Speaking to the media outlet, the U.S. leader said that it was "highly unlikely" that the States would delay from a rise in tariff levels on $200 billion of Chinese goods, to 25 percent. He went onto suggest that a 10 percent tariff on laptops and iPhones imported from China could be inflicted.
Trump's comments come just before a crucial meeting later this week. Leaders from the G-20, including Trump and China's Xi Jinping, will congregate in Buenos Aires, Argentina to discuss a whole host of topics, at its latest summit. Investors will be looking for any fresh news out of the summit, with trade expected to be discussed.
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• Asian share markets fought to keep a global rebound alive on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, clouding what had been a bright start to the week.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dithered either side of flat and was last up 0.2 percent. E-Mini futures for the S&P 500 ESc1 dipped 0.1 percent and spreadbetters pointed to a subdued start for the major European Bourses.
In an interview with the Wall Street Journal, Trump said he expects to move ahead with raising tariffs on $200 billion in Chinese imports to 25 percent from 10 percent currently.
Trump said it was “highly unlikely” he would accept China’s request to hold off on the increase, planned for Jan. 1.
The comments ran counter to recent speculation about a possible deal when Trump meets Chinese President Xi Jinping at the G20 summit in Buenos Aires later this week
• Japanese stocks advanced on Tuesday, lifted by a rally on Wall Street and as a weaker yen supported exporters, although fresh concerns about U.S.-China trade tensions limited broader gains.
The Nikkei share average ended the day 0.64 percent higher at 21,952.40. The index brushed a two-week peak and posted its third session of gains. The broader Topix added 0.73 percent to 1,644.16.
The gains by Japanese stocks were relatively modest compared with the overnight rally on Wall Street, where the Dow climbed 1.46 percent and the Nasdaq added 2 percent.
• Chinese stocks rose on Tuesday morning as investors bought oversold shares after three days of losses, but uncertainty is capping gains ahead of a highly anticipated meeting between the Chinese and U.S. presidents at the G20 summit this week.
At the midday break, the Shanghai Composite index was up 10.93 points, or 0.4 percent, at 2,586.74. The index has lost 2.9 percent over the previous three sessions.
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