Global stocks have made gains as investors hold out hopes for a trade deal between the United States and China, even as another round of US tariffs on Chinese goods take effect.
European stock markets bounced off six-week lows, with Germany’s trade-sensitive DAX index leading the charge with a 1 per cent rise.
MSCI’s All-Country World Index, which tracks stocks across 47 countries, was up 0.2 per cent after the start of European trading.
But the gauge was set for its worst weekly performance since December 2018, with a loss of 2.75 per cent as US-China trade tensions ratcheted up again.
President Donald Trump’s tariff increase to 25 per cent from 10 per cent on $US200 billion ($A286 billion) of Chinese goods kicked in on Friday and Beijing said it would strike back.
Negotiators are in talks to try to rescue a faltering deal between the world’s two largest economies.
The White House says they will resume on Friday in Washington after concluding the first of two days on…
