Global Shares Waver as Economic Concerns Mount

Global shares remained stable on Tuesday, struggling to gain momentum from Wall Street's rally. Economic concerns, especially from China's export and import data, impacted investor confidence. This led to a dip in oil prices and commodities like copper and crude. Investors are now focused on potential U.S. Federal Reserve rate cuts.

Global shares held steady on Tuesday, unable to capitalize on Wall Street's surge as economic growth concerns weighed heavily on investor sentiment. The apprehension impacted oil prices, which took a hit alongside other commodities such as copper and crude.

Chinese data revealed that exports grew at their fastest pace since March 2023 in August, hinting that manufacturers were expediting orders in anticipation of impending tariffs from several trade partners. However, imports fell short of forecasts amid weak domestic demand, further dampening investor outlook.

Across equity markets, MSCI's All-World index remained flat, mirroring modest gains in Europe, where the STOXX 600 climbed 0.2%. U.S. stock futures were mixed. Investors are eagerly watching for a swift series of interest rate cuts from the Federal Reserve, spurred by last week's U.S. jobs report indicating a slowing labor market.

(With inputs from agencies.)