World stocks extended a sell-off on Tuesday as escalating trade tussles between the United States and other major economies steered investors away from riskier assets, with markets in China bearing the brunt of investor anxiety.
Spreadbetters expected European shares to open slightly higher following the previous day’s sharp losses, with Britain’s FTSE gaining 0.25 percent, Germany’s DAX rising 0.35 percent and France’s CAC climbing 0.25 percent.
The tense atmosphere lifted demand for safe-haven U.S. Treasuries and kept the dollar on the defensive as financial markets worried about the wider global economic fallout of the Trump administration’s “America First’ agenda.
Asian equities were lower across the board after Wall Street tumbled, with the S&P 500 and Nasdaq suffering their steepest losses in more than two months overnight. [.N]