‘Risk-on rules OK!’ Everything is falling into place today for world markets

World shares and bond yields rode a renewed surge in risk appetite on Tuesday.Johannes Eisele/AFP

NEW YORK — Signs that the United States and China might reach an agreement in trade talks and news of a tentative deal to avoid another government shutdown in Washington helped push world stock markets and bond yields broadly higher Tuesday.

Tokyo’s Nikkei set the tone with a 2.6 per cent rally, its best day of the year so far, while the Stoxx 600 index of European shares gained 0.5 per cent.

“We have had two bits of relatively good news overnight – optimism about the U.S. shutdown not resuming and optimism about a trade deal,” said Societe Generale strategist Kit Juckes.

Leave a Reply

Your email address will not be published. Required fields are marked *