European markets were trading flat while US equity futures edged higher on Wednesday. Asian shares were mostly down as fresh trade tensions offset solid economic data and a raft of corporate earnings. Treasuries were steady and European government bonds climbed.
The Stoxx Europe 600 index fluctuated between gains and losses amid a mixed bag of reports from companies including Swatch, Ericsson and ASML. Contracts on the S&P 500, Dow Jones and Nasdaq pointed to a slightly firmer US open, even after sentiment overnight was dented by President Donald Trump saying he could impose more tariffs on China.
Benchmarks in Japan, Korea and China fell, while Australian stocks rose. The euro erased a decline after June inflation data largely met economists’ expectations. Crude oil rose for the first time in three days.