* Shares bounce, Japan's Nikkei ends 0.8% higher
* Awaiting Trump speech in New York for news on trade
* Reports Trump to delay auto tariffs on EU for 6 months
* Sterling gives back some gains after Brexit boost on
Monday
* World FX rates in 2019 http://tmsnrt.rs/2egbfVh
* Asian stock markets : https://tmsnrt.rs/2zpUAr4
By Marc Jones
LONDON, Nov 12 (Reuters) - World shares inched higher on
Tuesday as investors awaited a speech by President Donald Trump
on U.S. trade policy and on news he was likely to delay a
decision on European auto tariffs.
Bond markets also seemed increasingly confident a recession
will be avoided as EU officials said Trump was expected to
announce this week that he was delaying the tariff decision on
EU cars and parts for another six months. The news boosted expectations about Trump's speech later in
the day and for some resolution to his administration's
long-running trade war with China.
The pan-European STOXX 600 shuffled 0.2% higher, back
towards 4-year highs helped by upbeat chipmaker shares. .EU
MSCI's broadest index of Asia-Pacific shares outside Japan
.MIAPJ0000PUS had climbed 0.5%, following a sharp 1.2%
pullback on Monday.
Japan's Nikkei .N225 , which dithered either side of flat
most of the day, ended 0.8% higher. But Shanghai blue chips
.CSI300 eased 0.2% after bank lending growth undershot
analysts' estimates, while Australian shares were down, too.
A positive signal on U.S.-China trade would likely satisfy
traders even without specific details, said Rob Marshall-Lee
investment leader for Emerging Market and Asian Equities at
Newton Investment Management.
"I think that there will be some kind of deal that comes of
all of this," Marshall-Lee said, adding that whatever emerges
both Washington and Beijing will want to claim it as a win
domestically.
Trump wrongfooted markets over the weekend when he said
there had been incorrect reporting about U.S. willingness to
lift tariffs on China.
Investors were also anxious about the situation in Hong Kong
after a violent escalation of protests had knocked 3% off the
Hang Seng .HSI and nearly 2% off Asia-exposed banks HSBC
HSBA.L and StanChart STAN.L in recent days.
Hong Kong's embattled leader Carrie Lam on Tuesday said
protesters who are trying to "paralyse" the city were extremely
selfish and hoped all universities and schools would urge
students not to participate in violence.
Lam was speaking a day after police shot a protester and a
man was set on fire in some of the most dramatic scenes to grip
the city during the more than five months of civil unrest.
The Hang Seng managed to claw back 0.5%. .SS
BORIS GETS BREXIT BOOST
Bond markets were also stirring again.
A partial holiday in the United States had closed the
Treasury market on Monday but there was an early milestone on
Tuesday with the gap between short-term 3-month and longer-term
10-year yields hitting the widest level of the year so far.
That widening, or steepening of the 'curve' as it is also
known, adds to signs that faith in the global economy in gaining
again after fears it was heading into recession.
Treasury yields on 10-year notes US10YT=RR were
fractionally higher at 1.9350% having dropping away from last
week's three-month top of 1.97%. European yields were also a
touch higher.
Wall Street futures for the S&P 500 ESc1 inched up 0.1%.
Monday's partial holiday had made for a quiet session after
the record highs of last week. The Dow .DJI ended up 0.04%,
while the S&P 500 .SPX lost 0.20% and the Nasdaq .IXIC
0.13%.
In currency markets, the main mover was sterling which gave
back ground after surging on Monday after the Brexit Party said
it would not contest previously Conservative held seats in the
last UK election. It had jumped to a 6-month high versus the euro and as much
as 1% on the dollar but shed around 0.3% to 0.86 per euro and
$1.2823 when Brexit Party leader Nigel Farage then said on
Tuesday he would not give any more ground. /FRX
Against a basket of currencies, the dollar steadied at
98.224 .DXY . The euro hovered around $1.1030 EUR= just away
from a three-week low of $1.1015, while the dollar faded to
109.26 yen JPY= .
Gold looked to be heading for a third day of declines,
touching its lowest since early August at $1,447.89 per ounce
XAU= . It was last trading at $1,453.01.
U.S. crude CLc1 gained 28 cents to $57.14 a barrel, while
Brent crude LCOc1 futures added 35 cents to $62.53.
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Asia stock markets https://tmsnrt.rs/2zpUAr4
Asia-Pacific valuations https://tmsnrt.rs/2Dr2BQA
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