European shares
edged up on Wednesday and gold fell as questions hung over the
'reflation' trades that had lifted markets since Donald Trump became
U.S. president, while sterling held near a six-month high after
Tuesday's calling of a snap UK election.
Wall Street looked set to open higher as corporate earnings take centre stage, with index futures up 0.2-0.3 percent ESc1 1YMc1.
Yields on safe-haven government bonds rose, the safe-haven yen fell and copper surged as some in markets suggested investors' worries over the coming weekend's French presidential election first round and still simmering tensions over North Korea appeared to ease somewhat.
The pan-European STOXX 600 index , which hit a three-week low on Tuesday, was up 0.3 percent, led by gains of 1.5 percent in banks .SX7P.
Earlier, Asian equities outside Japan hit a one-month low, .MIAPJ0000PUS while Tokyo shares closed up 0.1 percent.
However, Britain's FTSE 100 .FTSE index fell a further 0.3 percent following Tuesday's 2.5 percent slide, its biggest fall since June last year.
British stocks are vulnerable to a rising pound because more than two-thirds of FTSE 100 company earnings are derived from operations overseas. The FTSE has erased all its gains for the year.
Sterling was just off a six-month peak against the dollar above $1.28 GBP=D3 having surged when British Prime Minister Theresa May called an early general election for June 8, seeking to strengthen her party's majority ahead of Brexit negotiations.
Yields on safe-haven government bonds rose, the safe-haven yen fell and copper surged as some in markets suggested investors' worries over the coming weekend's French presidential election first round and still simmering tensions over North Korea appeared to ease somewhat.
The pan-European STOXX 600 index , which hit a three-week low on Tuesday, was up 0.3 percent, led by gains of 1.5 percent in banks .SX7P.
Earlier, Asian equities outside Japan hit a one-month low, .MIAPJ0000PUS while Tokyo shares closed up 0.1 percent.
However, Britain's FTSE 100 .FTSE index fell a further 0.3 percent following Tuesday's 2.5 percent slide, its biggest fall since June last year.
British stocks are vulnerable to a rising pound because more than two-thirds of FTSE 100 company earnings are derived from operations overseas. The FTSE has erased all its gains for the year.
Sterling was just off a six-month peak against the dollar above $1.28 GBP=D3 having surged when British Prime Minister Theresa May called an early general election for June 8, seeking to strengthen her party's majority ahead of Brexit negotiations.
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