The pan-European Stoxx 600 index rose 0.2% in morning trade, with most sectors and major bourses in positive territory.
· Asian shares rose on Tuesday, lifted by gains in China and as auto firms climbed on merger news, but broad uncertainties over trade and economic growth kept investor enthusiasm in check.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.38%, and U.S. S&P 500 e-mini futures rose 0.22% to 2,837.25, pointing to gains when U.S. markets reopen on Tuesday after a holiday.
Chinese blue-chips climbed 0.61% a day after data showed Chinese industrial firms’ profits shrank in April, which could prompt more government stimulus to support the slowing economy.
· Japan’s Nikkei rose on Tuesday as gains in European markets improved sentiment, while activity in the gaming sector shot up on hopes for a new gaming title.
The Nikkei share average ended 0.4% to 21,260.14.
· China stocks closed higher for a second straight session on Tuesday, as a top regulatory official downplayed the impact of the trade war with the United States, and as foreign investors bought shares ahead of an increase in MSCI’s weighting.
The blue-chip CSI300 index rose 1.0%, to 3,672.26, while the Shanghai Composite Index closed up 0.6% at 2,909.91.
The first phase of MSCI’s weighting increase of Chinese mainland shares will take effect after market hours on Tuesday.
Reference: CNBC, Reuter
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