Premarket: Global stocks rise on renewed trade hopes, set for best week since January

Global stocks rose on Friday after a report that U.S.-China trade talks were making progress and a vote by UK lawmakers to delay the British exit from the European Union.

MSCI’s All-Country World Index, which tracks shares in 47 countries, was up 1 per cent on the day and was set for its best week since early January.South Korea’s KOSPI rose nearly 1 per cent. The index had risen as much as 1.2 per cent but gave up some gains following reports that North Korea might suspend nuclear talks with the United States.

“China and Europe had been two of the key areas of concern at the start of 2019 and even though there is still much uncertainty, targeted fiscal stimulus in China and potentially some clarity emerging on Brexit over coming weeks could improve sentiment,” strategists at ING Bank wrote in a note to clients.European stocks rose to a five-month high after Britain’s parliamentary vote on Brexit. The pound was flat on the day at $1.3243.

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