US-China trade deal, earnings and data in focus


Market focus is largely attuned to global trade developments, after President Donald Trump said on Tuesday that he could be tempted to push back the March 1 deadline for reaching a trade agreement with China if the two sides were close a deal.

Officials in Washington and Beijing had previously said they were hopeful a new round of trade talks, which began at the start of the week, could bring both sides closer to a comprehensive deal.

In Asia, MSCI’s broadest index of Asia-Pacific shares, excluding Japan, rose 0.5 percent — hitting its highest level since early October.

Back in Europe, investors are likely to monitor another batch of economic data Wednesday morning.

Britain is expected to publish an annualized reading of inflation from January at around 9:30 a.m. London time, with the euro area set to report year-on-year industrial production figures for December later in the session.

In corporate news, Natixis, AkzoNobel and Heineken were all scheduled to report their latest quarterly earnings results on Wednesday.

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