Economic news

World stocks touch six-month peak after U.S. and Mexico reach trade deal

World shares jumped to a six-month peak on Tuesday, supported by investor optimism that a U.S.-Mexico agreement to replace the North American Free Trade Agreement will ease global trade tensions.

MSCI’s benchmark world share index inched up 0.15 percent, while MSCI’s index of Asia-Pacific shares added 0.5 percent.

A pan-European share index surged 0.3 percent for a third consecutive session of gains. Auto sector extended its rally, climbing 1.3 percent after enjoying their best day in a month on Monday.

Disputes between the U.S. and its major trading partners have been a drag on investor mood for much of the year despite strong economic fundamentals and two impressive quarters of financial results.

European and Asian shares followed Wall Street’s rise, edging to multi-month top after the S&P 500 and Nasdaq indexes jumped to fresh records overnight underpinned by gains in technology sector.

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