Global Stocks Rise Despite Trade War Concerns

London, (APP - UrduPoint / Pakistan Point News - 21st Jun, 2018 ) :World stocks climbed Wednesday as investors fished for bargains, but anxiety lingered over simmering trade tensions between China and the United States, dealers said.

London won 0.8 percent, Frankfurt added 0.1 percent and Paris rose 0.2 percent in early afternoon deals, mirroring earlier gains in Asia.

Investors were tiring of trade war fears -- but fresh retaliatory moves could send markets south again, dealers said.

Equities had tanked Tuesday on rising fears of a trade war after US President Donald Trump threatened fresh tariffs on Chinese imports and Beijing warned of countermeasures.

"The markets have been trading on the same piece of general trade war news for a while, as a result selling exhaustion has started to set in," said London Capital Group analyst Jasper Lawler.

"Any fresh news of retaliation could see traders snatch risk back off the table quickly," he warned.