European Shares Fluctuate; China Stocks Rally: Markets Wrap

The US and China postponed talks planned for over the weekend that had been aimed at reviewing progress at the six-month mark of their phase-one trade agreement. Picture: Andrew Harrer/Bloomberg

European stocks fluctuated in light trading this morning as investors focused on travel restrictions and US-China trade tensions. Chinese shares gained after the central bank boosted liquidity, while oil rose before an OPEC+ gathering this week.

Airlines, travel agencies and real estate companies were the biggest drags on the Stoxx Europe 600 Index, while commodity producers climbed. S&P 500 futures pointed to a positive open in the U.S. day. The dollar weakened against most of its peers. The Shanghai Composite climbed more than 2% after China’s central bank supplied liquidity to commercial lenders to help them manage upcoming government bond sales.