Meanwhile, stocks in Asia came under slight pressure as investors kept abreast of the ongoing talks between the U.S. and China. On Monday, President Donald Trump said that he could sign a deal in the near future, in regards to ending the trade war with China, Reuters reported.
Markets rose on Monday, after Trump said over the weekend that he would postpone the deadline – March 1 – that would have instigated fresh trade tariffs on the Asian nation.
While an agreement has yet to be secured, Trump stated that negotiators from both countries were “very, very close” to a deal materializing, the news agency added. On Tuesday, Asian stocks dipped into the red, as investors awaited further clarity on the matter.
Elsewhere, Brexit is expected to be front and center for European markets on Tuesday. On Monday, the British opposition Labour Party indicated that it would back calls for a “People’s vote” on the U.K.’s impending departure from the European Union, if parliament vetoed the party’s alternate Brexit proposal.
On top of that, sterling rose after Bloomberg reported that Prime Minister Theresa May was considering delaying the current deadline for the U.K. to leave the EU. The U.K.’s departure from the bloc is currently timetabled for March 29.
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