Asia stocks rose modestly following data showing China’s economy grew a little faster than expected in the first quarter.
Investors are strapping themselves in tight and bracing for another ride on the Russian rollercoaster next week after turbulent trading in wake of new US sanctions.
The MSCI All-Country World Index, which tracks shares in 47 countries was up nearly 0.1 percent on the day.
Asia stocks pared early gains as caution crept in ahead of the US earnings season and as investors weighed the possible impact on global growth.
MSCI’s world equity index .MIWD00000PUS fell for the second day, while European shares declined 0.1 percent in early deals.
The pan-European STOXX 600 index was last down 0.3 percent, while in Asia overnight Japan's Nikkei .N225 and Australian stocks both lost 0.4 percent.
Asian stocks rose modestly, paring earlier gains as optimism that trade ties between Washington and Beijing were on the mend gave way to questions about the next phase.
Germany’s DAX rose 1 percent, France’s CAC 40 0.57 percent and Britain FTSE 100 0.41 percent.
Gold erased early gains to trade lower after Xi Jinping promised to lower import tariffs on certain products, helping soothe fears over an escalating trade row with US.
MSCI’s world equity index, which tracks shares in 47 countries, was up 0.24 percent, helped by Europe’s benchmark Stoxx 600 index that rose 0.5 percent.
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