Asian markets closed mostly higher on Thursday as investors are hoping China and the US can avert a full-blown trade war.
Market watchers remain optimistic the continued tariff threats will eventually result in a long-term trade agreement between the world's two biggest economies.
European stocks finished a day of trading in the green as trade fears declined and investors shifted their focus on United States President Donald Trump's official visit in the United Kingdom which will include a meeting with the UK Prime Minister Theresa May and an official greeting with Queen Elizabeth II.
Across the Atlantic, U.S. stocks closed with substantial gains. Traders focus on earnings and data as several leading financial companies are due to report their quarterly results on Friday. The tech-rich Nasdaq reached an all-time high as Facebook and Amazon, both reached all-time highs.
World Markets Today 12/07/2018
Asian stocks fall in tariff war (Australian Business Review)
Hong Kong stocks tumble in morning session (Fin24)
India: Sensex surges over 400 points, sets new record (Mint)
European Shares Seeking Rebound (RTT News)
European markets seen higher after latest trade war jolt (CNBC)
European markets are mixed today (CNN Money)
U.S. stocks rally as technology shares propel Nasdaq to record (Marketwatch)
Stocks Rally Amid Lull in Trade War as Tech Leads (Bloomberg)
Stocks ended Thursday's session near their highs as trade war fears faded (The Street)
Gold holds steady near 1-week low as dollar firms against yen, Brent oil gains $1 to claw back some losses (Reuters)
25 Major Markets Stock Indices Closing Data
All Continents Stock Indices Closing Data
Tokyo's Nikkei 225 was up 1.17% while Hong Kong's Hang Seng rose 0.60%. China's Shanghai Composite jumped 2.18%. Seoul's KOSPI was higher by 0.19%. Mumbai's Sensex increased 0.78% while Nifty 50 advanced 0.68%. Australia's ASX200 was up 0.85%. Singapore's STI finished 0.12% in the green Jakarta's Composite grew 0.25% and Taiwan's Weighted Index was up 0.58%.
The Paneuropean STOXX600 rose 0.78%. France's CAC increased 0.97%. London's FTSE was higher by 0.78%. Belgium's BEL 20 advanced 0.57%. Amsterdam's AEX grew 0.68%. Moscow's IMOEX decreased 0.60%. In Southern Europe, Lisbon's PSI20 was off 0.05% while Spain's IBEX 35 was up 0.35% and Italy's FTSE MIB added 0.38%.
In Scandinavia, Stockholm's OMXS30 was higher by 1.00% while Copenhagen's OMXC25 increased 1.23%. Helsinki's OMXHPI finished the day 0.27% in the green.
In Central Eastern Europe, Budapest's BUX rose 1.21% while Warsaw's WIG was up 0.23%. Prague's PX fell 0.47% and Bratislava's SAX jumped 3.26%. Tallinn's OMXT was down 0.10% while Riga's OMXR decreased 0.13%. In Vilnius,the OMXV was up 0.31%.
In South Eastern Europe, Bucharest's BET was up 0.35% while Sofia's Sofix increased 0.41%. Belgrade's Belex rose 0.25%. Podgorica's MNSE10 advanced 0.05%. Sarajevo's SASX10 was up 0.12% while Banja Luka's BIRS was higher by 0.26%. Ljubljana's SBI Top fell 0.31%. Zagreb's CROBEX dropped 0.12%. In Skopje, the MBI10 moved downward 0.14% Istanbul's BIST100 decreased 1.88%. In Athens, the General Index finished the day 0.76% in the green while in Nicosia was down 0.13%.
Botswana's DCI was off 0.07% while Dar Es Salaam's gained 1.10%.
Egypt's EGX30 fell 0.46% and Johannesburg's ASI dropped 0.67%. Nigeria's ASI decreased 0.07% while Nairobi's ASI fell 0,21%. Namibia's Overall Index moved downward 0.43%. Mauritius' SEMDEX ticked up 0.08%. Uganda's ASI was off 0.66% and Zimbabwe's Industrial Index grew 0.06%.
In Canada, the S&P TSX Composite rose 0.91%. In the U.S., the Dow Jones gained
0.91% while the S&P 500 was up 0.87%.The Nasdaq was up 1.39%.