(Reuters) – Stocks and commodities recovered slightly on Thursday as markets tried to consolidate from the previous session’s steep losses when fears of an escalation in the U.S.-China trade war jolted investor sentiment.
Spreadbetters expected European stocks to open higher, with Britain’s FTSE gaining 0.3 percent, Germany’s DAX adding 0.35 percent and France’s CAC 0.4 percent.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent.
The index slumped 1 percent on Wednesday along with a slide in global equities after U.S. President Donald Trump’s threat to imposing tariffs on another $200 billion of Chinese goods deepened the trade row between the world’s two largest economies.
Hong Kong’s Hang Seng rose 1.0 percent and the Shanghai Composite Index bounced 2.2 percent.