European equity volatility is at its lowest in 15 months and Asian shares open marginally higher
London — Stock markets edged higher on Tuesday as reassuring data about the health of China’s economy helped investors shrug off disappointing bank earnings in the US, while volatility in European markets took another leg lower.
Natixis cross asset strategist Florent Pochon said investors were mainly focused on US earnings, especially after the first flurry of bank results made for mixed reading. All eyes are now on Chinese quarterly GDP data due on Wednesday. After a worrying start to the year, Chinese data has been more positive as authorities ramped up stimulus measures, soothing investor fears about a slowdown in the world’s second-biggest economy.
After a rally to five-month highs this month, crude oil paused on the prospect of Russia and oil cartel Opec boosting production to fight for market share with the US. US West Texas Intermediate was flat at $63.46 a barrel after losing nearly 0.8% the previous day.
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