Global shares saw a boost on Tuesday, driven by a rally in Asia following China's pledge to increase support for its economy, which has been struggling to maintain its post-COVID recovery.
The MSCI All-World index rose 0.2%, led by gains in the Chinese stock market and Hong Kong stocks. However, concerns over a European economic slowdown weighed on stocks and the euro, as regional surveys showed business activity had shrunk more than expected in July. European traders also remained focused on the upcoming Federal Reserve and European Central Bank meetings. Meanwhile, mining companies boosted Europe's STOXX 600 index after China's economic support pledge.
In currencies, the Chinese yuan rose against the dollar, while the euro struggled to pull above two-week lows.
