* Sterling dips
* Chilean markets recover after Monday's slide
* United States, China sound upbeat on trade talks
(Adds early U.S. markets activity, changes dateline, previous
LONDON)
By Caroline Valetkevitch
NEW YORK, Oct 22 (Reuters) - Stocks on world markets eked
out small gains on Tuesday after some upbeat corporate results
and talk of progress in China-U.S. trade talks, while sterling
weakened as investors awaited further news on Britain's eventual
exit from the European Union.
U.S. long-dated Treasury yields dropped from five-week
highs, in line with falls in yields globally, amid investor
uncertainty.
On the trade front, China and the United States have
achieved some progress in their trade talks, Vice Foreign
Minister Le Yucheng said on Tuesday, adding that as long as both
sides respected each other, any problem could be resolved.
That followed upbeat comments on Monday by the White House.
U.S. President Donald Trump said efforts to resolve the
U.S.-China dispute were going well, while White House adviser
Larry Kudlow said tariffs on Chinese goods scheduled for
December could be withdrawn if talks go OK. Strong corporate earnings since last week have provided some
respite to equity markets, which were rattled over the past few
months by geopolitical worries and a slowing global economy.
"It's been a pretty good season so far, but I always caution
people the early announcers have a tendency to be better than
the later ones, so those numbers come down throughout the
season," said Randy Frederick, vice president of trading and
derivatives for Charles Schwab in Austin, Texas.
On Wall Street, Procter & Gamble Co PG.N lifted the
consumer staples index .SPLRCS after the company raised
full-year forecasts and beat Wall Street estimates.
The Dow Jones Industrial Average .DJI rose 45.29 points,
or 0.17%, to 26,872.93, the S&P 500 .SPX gained 4.95 points,
or 0.16%, to 3,011.67 and the Nasdaq Composite .IXIC dropped
3.83 points, or 0.05%, to 8,159.16.
The pan-European STOXX 600 index .STOXX rose 0.10% and
MSCI's gauge of stocks across the globe .MIWD00000PUS gained
0.17%.
British Prime Minister Boris Johnson is battling to push
legislation through the House of Commons that will enact his
last-minute Brexit deal.
Lawmakers vote around 1800 GMT on the 115-page Withdrawal
Agreement Bill and then vote on the government's extremely tight
timetable for approving the legislation. Sterling GBP= was last trading at $1.2916, down 0.32% on
the day.
The Canadian dollar fell 0.03% versus the greenback at 1.31
per dollar. The ruling Liberal government of Justin Trudeau held
on to power, but with a minority government after a closely
fought election. Chilean markets recovered from Monday's losses, with
investors comforted by President Sebastian Pinera's willingness
to listen to demands by protesters after violence over the
weekend hammered markets last session. Chile's peso CLP= was up slightly after a 2.7% slump on
Monday - its worst day in more than six years.
Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr
Emerging markets in 2019 http://tmsnrt.rs/2ihRugV
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