Global markets mostly higher ahead of data-heavy week

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Asian stocks rise as China-U.S. trade, Brexit fears recede

Frankfurt, Shanghai and Tokyo advanced while London opened lower as fears about U.S.-Chinese trade tension and Brexit receded.

The U.S. Treasury is due to report which governments it deems are manipulating their currencies to boost exports, a designation that can trigger penalties. A watch list issued in May included China, Japan and Germany. On Wall Street, futures for the benchmark Standard & Poor's 500 index and the Dow Jones Industrial Average were up 0.2%.

Investor attention shifted to corporate earnings as tension eased after Washington and Beijing resumed negotiations. Investors expect the Fed to cut its benchmark rate by 0.25% following signs of U.S. economic weakness.

 

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Finance Finance Latest News, Finance Finance Headlines