KONTAN.CO.ID - NEW YORK, July 2 (Reuters) - Modest gains in U.S. stocks helped global equity indices edge higher on Tuesday as investors weighed a U.S.-China trade truce against Washington's threat to impose additional tariffs on European goods. Global stock indices traded lower for most of the day after data showing factory activity in the euro zone shrank at a faster pace than expected last month and another report showing U.S. manufacturing activity slowed in June. In addition, the U.S. Trade Representative's office released a list of additional European products that could be subject to tariffs, on top of products worth $21 billion that were announced in April. These included olives, Italian cheese and Scotch whisky.
GLOBAL MARKETS-Weak economic data, tariff concerns weigh on stocks globally
KONTAN.CO.ID - NEW YORK, July 2 (Reuters) - Modest gains in U.S. stocks helped global equity indices edge higher on Tuesday as investors weighed a U.S.-China trade truce against Washington's threat to impose additional tariffs on European goods. Global stock indices traded lower for most of the day after data showing factory activity in the euro zone shrank at a faster pace than expected last month and another report showing U.S. manufacturing activity slowed in June. In addition, the U.S. Trade Representative's office released a list of additional European products that could be subject to tariffs, on top of products worth $21 billion that were announced in April. These included olives, Italian cheese and Scotch whisky.