World stocks mark time ahead of U.S. data, earnings [Reuters]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
World stocks mark time ahead of U.S. data, earnings - Reuters 5 Min Read LONDON (Reuters) - Global stocks struggled to cling to recent gains on Tuesday and the dollar lingered with markets awaiting U.S. data and a slew of corporate and bank earnings for a fresh readout on the health of the world’s largest economy. European markets struggled for direction with the pan-region Stoxx 600 nudging a touch lower, reflecting key indexes in Germany and France treading water. The underlying picture was more mixed, with healthy gains in airline and healthcare stocks offsetting losses in telecoms and automotives amid uncertainty as the earnings seasons kicks off. Asian markets had fared slightly better. MSCI’s Asia-Pacific ex-Japan index gained 0.3% as gains in South Korea and Taiwan offset losses in China’s blue-chip CSI300 index, still smarting from Monday’s tepid growth data. It showed the toll the Sino-U.S. trade war is taking, even as new data highlighted Beijing’s efforts to boost spending.
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