A woman walks past an electronic stock board of a securities firm in Tokyo on Tuesday. Associated Press
For the first time since the Great Recession a decade ago, the US Federal Reserve is poised to cut interest rates, shoring up America’s defenses as the global economy weakens.
European and US stocks climbed on Friday as investors kept a watch on developments at a G20 summit in Japan, where US President Donald Trump and Chinese counterpart Xi Jinping are due to hold key trade talks.
European and Asian stocks unravelled Friday, resuming a midweek slump, with investors spooked by a ratcheting up of trade war clouds after US President Donald Trump announced tariffs on all Mexican imports.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3%, Japan's Nikkei returned from a two-day holiday to slip 0.4%. Hong Kong and Shanghai remain steady.
The pan-European STOXX 600 rose 1.3%, with Germany's DAX, London's FTSE 100 and France's CAC 40 gaining between 1.6% and 2.0%.
French business activity fell in September -- its first drop in four months -- according to a key survey released Wednesday which found firms blamed renewed coronavirus disruptions for the slowdown.