
Asian shares edged cautiously higher on Tuesday, tracking a rebound in Wall Street overnight despite disappointing economic data from China and the US fuelling recessionary fears. Stocks in the region were supported by expectations over China unleashing more stimulus to support economic growth. In Europe, futures pointed to a steady start, borrowing momentum from Asian markets ahead of the German ZEW survey for August. This has proved to be a leading indicator for the Eurozone and may give more insight into the severity of the downturn in the wider region.