Most markets rose Tuesday as risk appetite returned following the previous day's US rating-fuelled losses, with sentiment also boosted after China cut interest rates to historic lows.

The rally tracked advances on Wall Street, where the initial selloff sparked by Moody's removal of Washington's triple-A grade soon gave way to a push back into beaten-down equities amid hopes about US trade talks.

After Donald Trump's April 2 tariff blitz sowed global turmoil, the deal between China and the United States last week -- which slashed eye-watering tit-for-tat levies -- has re-energised dealers and pushed most markets back to levels before the US president's "Liberation Day" duties.

Trump suspended his harshest measures for 90 days until mid-July, and while few solid agreements have been reached so far there is optimism that the worst of the crisis has passed.

Traders are also hoping the Federal Reserve will cut interest rates this year, with two reductions expected, according to Bloomberg News.

However, two central bank officials remained cautious about when to resume their monetary easing, amid worries that the tariffs and possible........

© International Business Times