· U.S. stocks eased on Monday as reports on the U.S.-China trade front kept investors cautious ahead of scheduled talks later in the week.
A report that Beijing was increasingly reluctant to agree to a broad trade deal pursued by President Donald Trump weighed on sentiment early.
But White House economic adviser Larry Kudlow helped ease some anxiety, saying it was possible U.S. and Chinese trade negotiators could make progress when they meet in Washington, and said the United States was open to looking at what proposals Beijing brought.
Stocks briefly traded higher in the afternoon after a Fox reporter tweeted that the Chinese commerce ministry said China is ready to do a deal with the United States on parts of negotiations.
The Dow Jones Industrial Average .DJI fell 95.7 points, or 0.36%, to 26,478.02, the S&P 500 .SPX lost 13.22 points, or 0.45%, to 2,938.79 and the Nasdaq Composite .IXIC dropped 26.18 points, or 0.33%, to7,956.29.
· European markets climbed Monday afternoon as traders looked for hints on the direction of Brexit and U.S.-China trade talks, with Friday’s positive U.S. jobs data still boosting stocks.
The pan-European Stoxx 600 provisionally gained 0.74%, led by a 0.4% rise for chemicals and energy stocks while media and financial services continued to lag.
Euro zone Sentix data, measuring investor sentiment, fell to -16.8 in October from -11.1 in September, hitting its lowest since April 2013.
· Asia markets gained on Tuesday, with major indexes in Japan and South Korea trading higher.
The Nikkei 225 in Japan rose 0.96% while the Topix index added 0.83%. South Korea’s Kospi index was up 0.42% as Samsung shares gained 0.63%. The tech giant announced third-quarter guidance, saying its operating profit for the three months that ended in September is expected to more than halve from a year ago.
Chinese markets are also due to re-open following a week-long public holiday.
Reference: CNBC, Reuters
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