(Jun 8 Reuters) Asian shares edged up on Wednesday, as market digested Chinese trade data against the backdrop of a brightening energy sector outlook and an expected delay in interest rate hikes by the U.S. Federal Reserve.
European markets though were poised for a subdued start, with financial spreadbetters expecting Britain's FTSE 100 and France's CAC to open down 0.2 percent, and German's DAX to start the day 0.3 percent lower.
The MSCI's broadest index of Asia-Pacific shares outside Japan erased earlier losses to climb 0.2 percent, as investors weighed May Chinese imports that beat predictions against worse-than-expected exports. The Asia-ex-Japan index remained near the six-week high hit on Tuesday. Japan's Nikkei also staged a turnaround, rising 0.6 percent.
"Global equities are firmer, but it is not indicative of an uptake in risk appetite," Bernard Aw, market strategist at IG, wrote in a note. "The upmove was mostly driven by higher oil prices."
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(Additional reporting by Shinichi Saoshiro in Tokyo; Editing by Jacqueline Wong and Eric Meijer)