World shares are mostly higher, with financial markets shrugging off U.S. tariff pressures on its trading partners.

The Nasdaq composite held up the best among the major indexes, but wavered and was up just 0.2% in recent trades. The S&P 500 also wavered and edged into positive ground after falling 0.8% Monday.

While there is no official word from New Delhi or Washington, reports have claimed that an announcement related to a trade deal could be made soon. It is also expected that the agreement may cover ...