European shares edge up as reflation trades questioned

LONDON: European shares edged up on Wednesday and gold fell as questions hung over the 'reflation' trades that had lifted markets since Donald Trump became U.S. president, while sterling held near a six-month high after Tuesday's calling of a snap UK election.
Wall Street looked set to open higher as corporate earnings take center stage, with index futures up 0.2-0.3 percent ESc1 1YMc1.
Yields on safe-haven government bonds rose, the safe-haven yen fell and copper surged as some in markets suggested investors' worries over the coming weekend's French presidential election first round and still simmering tensions over North Korea appeared to ease somewhat.
The pan-European 600 index , which hit a three-week low on Tuesday, was up 0.3 percent, led by gains of 1.5 percent in banks .SX7P.
Earlier, Asian equities outside Japan hit a one-month low while Tokyo shares closed up 0.1 percent.
However, Britain's FTSE 100 .FTSE index fell a further 0.3 percent following Tuesday's 2.5 percent slide, its biggest fall since June last year.