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World stocks advance as investors expect US, China to negotiate after all

Cyclical sectors including basic resources, autos and banks, hit particularly hard over the past two sessions in Europe, led gains

Reuters  |  LONDON 

World stocks edged higher on Thursday as investors used signs of an easing of Sino-U.S. trade tensions to dip back into riskier assets. The MSCI world equity index, which tracks shares in 47 countries, climbed 0.4 percent, while shares in Europe jumped 1.6 percent to a two-week high. Cyclical sectors including basic resources, autos and banks, hit particularly hard over the past two sessions in Europe, led gains. Sentiment was lifted as Washington expressed a willingness to negotiate, after proposed U.S. tariffs on $50 billion of Chinese goods prompted swift retaliation from ...

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First Published: Thu, April 05 2018. 16:39 IST
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