GLOBAL MARKETS-Shares resume gains, pound waits on Supreme Court ruling

* Europe, S&P500 futures gain after Mnuchin confirms trade
talks
* Euro zone data weigh on euro, deepen anxiety about economy
* Sterling waits for Supreme Court ruling on parliament
suspension
* World FX rates in 2019 http://tmsnrt.rs/2egbfVh
* Asian stock markets: https://tmsnrt.rs/2zpUAr4

By Marc Jones
LONDON, Sept 24 (Reuters) - European shares rose on Tuesday,
following their worst day in over a month, after Washington said
the United States and China would resume trade talks. Britain's
pound was laying low before the next act in the Brexit drama.
There was more gloomy data from Germany to contend with, but
U.S. Treasury Secretary Steven Mnuchin's confirmation that he
and Trade Representative Robert Lighthizer would meet Chinese
Vice Premier Liu He in two weeks' time was keeping up spirits.

The pan-European STOXX 600 index .STOXX rose 0.3%, with
the eurozone banking index .SX7E up 0.6% after it had slumped
2.8% in the previous session. .EU Germany's bond yields were
also a touch higher after Monday's dour PMI data had triggered
their biggest fall since June. GVD/EUR
"A perceived lull in U.S.-China trade tensions has eased
market fears about an economic downturn," a group of BlackRock's
investment strategists wrote in a note.
Currency market moves were mostly small-scale. The dollar
rose the euro wobbled around $1.0990 EUR= after falling below
a key support of about $1.10.
Sterling also slipped, to $1.2423 GBP=D4 , as traders
waited a ruling from Britain's Supreme Court on Prime Minister
Boris Johnson's suspension of parliament this month.
The decision is due at 0930 GMT.
"In the case of the law interpretation agreeing with the
government, markets may perceive PM Johnson's negotiation
position with the EU as having been strengthened as the
probability of a no-deal Brexit may look higher, Morgan
Stanley's Hans Redeker said.
"Sterling may initially weaken, but markets could then focus
on the possibility that the EU could become more flexible on the
Irish backstop. In this scenario, GBP would turn into a 'buy the
dip' story."

GOOD TO TALK
MSCI's broadest regional Asia share index .MIAP00000PUS
inched up 0.1%, led by 0.6% gains in mainland Chinese shares
.CSI300 after the vice head of China's state planner said
Beijing will step up efforts to stabilise growth. Japan's Nikkei .N225 ended up 0.2% after a market holiday
on Monday. Wall Street looked on track for modest gains, with
S&P futures ESc1 up 0.25%. Japan's yen traded at 107.62 yen per dollar JPY= , after
reaching two-week highs of 107.32 the previous day.
"The comments (from Mnuchin on China trade talks) gave a
little bit of boost to sentiment, but markets are still not that
optimistic, either," said Masahiro Ichikawa, senior strategist
at Sumitomo Mitsui DS Asset Management.
"It seems there have been a lot going on behind the scenes,"
he said, referring to U.S. President Donald Trump's questioning
a decision by his top trade negotiators to ask Chinese officials
to delay a planned trip to U.S. farming regions. That cancellation was seen by markets as a sign all is not
well in the U.S.-China talks and had helped send share prices
lower on Friday.
Among the main commodities, oil prices dipped on
expectations of subdued demand although uncertainty remained
about whether Saudi Arabia would be able to fully restore output
after recent attacks on its oil facilities.
Brent crude futures LCOc1 fell 40 cents to $64.37 a barrel
by 0624 GMT. West Texas Intermediate futures CLc1 were down 33
cents to $58.31.
"The demand side of the equation is back in focus," said
Michael McCarthy, senior market analyst at CMC Markets in
Sydney, pointing to sluggish manufacturing numbers in leading
economies in Europe as well as Japan.

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