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Stocks up across Europe, Asia as Xi calms trade fears; US futures higher

The US S&P 500 E-mini futures gained 1.01 percent, suggesting US shares would open positively later on Tuesday

Reuters  |  London 

Global equity markets rallied and the Japanese yen fell on Tuesday as Chinese President Xi Jinping's promise to cut import tariffs eased investor concerns about an escalating US-China trade row. Russian assets extended Monday's slide as investors digested the new round of US sanctions targeting the country's tycoons. The Russian rouble plunged more than 4 percent against the dollar to its lowest since late-2016. Speaking at the Boao Forum for Asia in Hainan province, Xi vowed to open China's economy, protect intellectual property of foreign firms and he criticized ...

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First Published: Tue, April 10 2018. 18:11 IST