European equities climb; Asian markets finish lower

There is a mixed feeling regarding the China-US trade talks which will resume on Wednesday. However, the Huawei Tech development does not bode well for the markets. Further to this is the Brexit deal amendment vote today and FOMC decision due tomorrow, adding to the uncertainty.

Jan 29, 2019 11:01 IST India Infoline News Service

European-Markets
Global equities painted a mixed picture on Tuesday as European shares rose, US futures recovered, and Asian stocks declined owing to concerns regarding the trade talks between the US and China.

Contracts on the Dow Jones, S&P 500, and Nasdaq indices pointed to a flat open. Markets now await tech behemoth Apple Inc's quarterly results.

In Asia, tech stocks underperformed following reports that American prosecutors have filed criminal charges against Huawei Technologies Co. Asian markets finished mixed today. The Nikkei 225 rose 0.08%, the Hang Seng and Shanghai Composite ended lower by 0.16% and 0.10%, respectively.

European markets are trading broadly higher today with shares in London leading the gains. The FTSE 100 is up 1.28%, France's CAC 40 is up 0.62%, and Germany's DAX is up 0.06%.

There is a mixed feeling regarding the China-US trade talks which will resume on Wednesday. However, the Huawei Tech development does not bode well for the markets. Further to this is the Brexit deal amendment vote today and FOMC decision due tomorrow, adding to the uncertainty.

Tech giants Apple, Microsoft, Facebook, Alibaba, Qualcomm, Tesla, Samsung and Sony will also announce earnings this week.

Oil advanced as the US imposed sanctions on Venezualan state-owned oil firm. US West Texas Intermediate (WTI) crude futures were trading at $52.29 per barrel at 0747 GMT, up 0.4%, while international Brent crude oil futures were at $60.11 per barrel up 0.3%.Gold climbed 0.4% to $1,308.41 an ounce, the highest in more than eight months.

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