Unlock Editor's Digest Lock for Free
FT editor Roula Khalaf will select your favorite stories in this weekly newsletter.
Global stock sales eased on Tuesday in the wake of a plunge on Wall Street, fuelled by investors' concerns about the health of the US economy.
The futures market points to a slight recovery in the US, indicating contracts that will increase the S&P 500 and NASDAQ 100 by 0.4% and 0.5%, respectively.
In Europe, the Stoxx Europe 600 fell by 0.1%, while the German DAX added 0.6%.
The NASDAQ Composite fell 4% on Monday – the worst day in two and a half years – the S&P 500 index fell 2.7% in fear of the economic impact of Donald Trump's global trade war.
“While US data still shows the economy in a decent way, investors are surprised by the volatile policy message that undermines consumption and investment,” said Guy Miller, chief market strategist at insurance company Zurich. But “our recession fears seem overkill,” he added.
The euro rose 0.6% to $1.090. That is, investors have recovered almost every loss since the US election as they continued to bet on better European growth photos behind Germany's “anything needs” spending plans announced last week.
According to analysts at Jeffries, one currency was fueled between the start of consultations between both the US and the Ukrainian delegation in Saudi Arabia and the start of consultations between the Ukrainian delegation in Saudi Arabia.
European infrastructure and defense stocks, which have rallied last week after Germany announced a historic deal to fund military and infrastructure investments, were among the winners on Tuesday.
Germany's biggest defence group, Rheinmetall, rose 3.3%, while Italy's Leonardo has risen 2.5%, both have skyrocketed in hopes of defence spending since the start of the year. Infrastructure companies also increased profits, with France's Schneider Electric rising 2.7%.
Asian stocks, which fell sharply on Tuesday following the US sale, recovered some ground. The Nikkei 225 index for Japan's Topix and exporters closed 1.1 and 0.6% lower, respectively. China's CSI 300 is 0.3% ahead.
The shift follows a major Wall Street move, where investors are unsettled by rhetoric from US administration officials over the collapse of the stock market. Trump said there was a “transitional period” as the economy adapted to the world trade war.
Technology and industrial companies led the falls in Asia. Taiwanese chip maker TSMC fell 2.7%, South Korea's Samsung Heavy Industries fell 2.1%, and Tokyo Electronics fell 0.5%.
“This year, Trump and [presidential adviser Elon Musk’s] “We are pleased to announce that we are committed to providing a range of services and services to our customers,” said Thomas Fang, Head of UBS China Global Markets.
Other analysts said US tech stocks have been gathering heavily over the past year, leading some investors to make a profit.
“whole [US] Wee Khoon Chong, senior market strategist at BNY, said:
“People are worried that this will be a meltdown, but I don't think so,” he added.
“If there's a new, better option, people will adjust and adjust their ratings,” Chong said.
The US Treasury Department is also stable, with yields rising slightly at 4.22% over the 10-year period.
The US dollar, which has fallen due to concerns over the world's largest economy, fell 0.4% against a basket of six trading partners, down 4.6% since the start of the year.
International benchmark Brent Futures rose 1% at $69.99 a barrel in fall Monday amid rising uncertainty about global demand.
