Investors are waiting to hear what the US president has to say about trade policy and European car tariffs
Traders work on the floor at the New York Stock Exchange. Picture: REUTERS/BRENDAN MCDERMIDWorld shares inched higher on Tuesday as investors awaited a speech by President Donald Trump on US trade policy and on news he was likely to delay a decision on European car tariffs.
The pan-European Stoxx 600 shuffled 0.2% higher, back towards four-year highs helped by upbeat chipmaker shares. MSCI’s broadest index of Asia-Pacific shares outside Japan had climbed 0.5%, following a sharp 1.2% pullback on Monday. “I think that there will be some kind of deal that comes of all of this,” Marshall-Lee said, adding that whatever emerges both Washington and Beijing will want to claim it as a win domestically.
Hong Kong’s embattled leader Carrie Lam on Tuesday said protesters who are trying to “paralyse” the city were extremely selfish and hoped all universities and schools would urge students not to participate in violence. Treasury yields on 10-year notes were fractionally higher at 1.9350% having dropping away from last week's three-month top of 1.97%. European yields were also a touch higher.
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