• Latest
  • Trending
Asia shares cheered by Sino-.U.S. trade progress

Asia shares cheered by Sino-.U.S. trade progress

October 15, 2019
U.S. attack on the Capitol: The “Bud Light Putsch”, a watershed moment for America?

U.S. attack on the Capitol: The “Bud Light Putsch”, a watershed moment for America?

January 18, 2021
How Israel’s Likud Party played the long game toward annexation of the West Bank

How Israel’s Likud Party played the long game toward annexation of the West Bank

January 11, 2021
How the Capitol riot exposed our national security blind spots

How the Capitol riot exposed our national security blind spots

January 11, 2021
‘Good riddance,’ says China as Germany leaves UN Security Council

‘Good riddance,’ says China as Germany leaves UN Security Council

December 23, 2020
Indonesian police needs reforms, urgently & not just in Papua

Indonesian police needs reforms, urgently & not just in Papua

December 13, 2020
Chinese honey trap operation?

Chinese honey trap operation?

December 11, 2020
Bali’s villa dream or just another nightmare?

Bali’s villa dream or just another nightmare?

December 5, 2020
When the going gets tough, the tough gets Ramen!

When the going gets tough, the tough gets Ramen!

November 28, 2020
Giuliani attends Pennsylvania GOP meeting on alleged election issues

Giuliani attends Pennsylvania GOP meeting on alleged election issues

November 28, 2020
Biden: ‘They are back’ !

Biden: ‘They are back’ !

November 28, 2020
Zac Efron splits from Vanessa Valladares

Zac Efron splits from Vanessa Valladares

November 28, 2020
Trump campaign cuts Sidney Powell from legal team

Trump campaign cuts Sidney Powell from legal team

November 23, 2020
citizendaily
  • Asia News
    • Northeast Asia
      • China
      • Japan
    • North Korea
    • Oceania
      • Australia
      • New Zealand
    • South Asia
      • Afghanistan
      • Bangladesh
      • India
      • Pakistan
    • Southeast Asia
      • Indonesia
      • Malaysia
      • Philippines
      • Singapore
      • Thailand
  • World News
    • Africa
    • Europe
      • Germany
      • United Kingdom
    • Latin America
      • Cuba
      • Mexico
    • Middle East
      • Gulf States
      • Iran
      • Iraq
      • Saudi Arabia
      • Syria
    • North America
      • Canada
      • United States
    • Russian Federation
  • Economy
    • Brexit
    • Free Market
  • Politics
    • ASEAN
    • Diplomacy
    • ISIS
    • National Defence & Security
  • Editorial
  • Environment
    • Climate Change
    • Forests
    • Water & Oceans
    • Wildlife & Endangered Species
  • Lifestyle
    • Books & Literature
    • Entertainment
    • Food & Dining
    • Religion
    • Travel
    • Tech
  • Sports
No Result
View All Result
Thursday, January 21, 2021
  • Asia News
    • Northeast Asia
      • China
      • Japan
    • North Korea
    • Oceania
      • Australia
      • New Zealand
    • South Asia
      • Afghanistan
      • Bangladesh
      • India
      • Pakistan
    • Southeast Asia
      • Indonesia
      • Malaysia
      • Philippines
      • Singapore
      • Thailand
  • World News
    • Africa
    • Europe
      • Germany
      • United Kingdom
    • Latin America
      • Cuba
      • Mexico
    • Middle East
      • Gulf States
      • Iran
      • Iraq
      • Saudi Arabia
      • Syria
    • North America
      • Canada
      • United States
    • Russian Federation
  • Economy
    • Brexit
    • Free Market
  • Politics
    • ASEAN
    • Diplomacy
    • ISIS
    • National Defence & Security
  • Editorial
  • Environment
    • Climate Change
    • Forests
    • Water & Oceans
    • Wildlife & Endangered Species
  • Lifestyle
    • Books & Literature
    • Entertainment
    • Food & Dining
    • Religion
    • Travel
    • Tech
  • Sports
No Result
View All Result
citizendaily
No Result
View All Result

Asia shares cheered by Sino-.U.S. trade progress

October 15, 2019
in Asia News, Economy, Featured, World News
0
Home Asia News

RelatedPosts

How Israel’s Likud Party played the long game toward annexation of the West Bank

‘Good riddance,’ says China as Germany leaves UN Security Council

Chinese honey trap operation?

Zac Efron splits from Vanessa Valladares

SCS : Indonesia on high alert after appearance of Chinese vessel

Post Views: 15

 

Asian share markets pushed higher on Monday as signs of progress in the Sino-U.S. trade standoff whetted risk appetites, while pressuring safe-haven bonds and the yen.
Liquidity was lacking, however, with Japan off and a partial market holiday in the United States for Columbus Day. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up 0.5%.

Australia’s main index gained 0.9% and South Korea .KS11 firmed 1.3%.

While Tokyo was on holiday, Nikkei futures were trading at 22,105 NKc1 compared with a Friday close of 21,798 in the Nikkei index. E-Mini futures for the S&P 500 ESc1 also added another 0.36% after jumping on Friday.

Sentiment had been boosted when U.S. President Donald Trump outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, though officials on both sides said much more work needed to be done.

The emerging deal, covering agriculture, currency and some aspects of intellectual property protections, would represent the biggest step by the two countries in 15 months.

“The substance is more in the vein of an extension of the truce – though that was the best the market could have hoped for,” said Tapas Strickland, a director of economics and markets at National Australia Bank.

“Still, it is unlikely the ‘partial deal’ will do much to give certainty to firms investment and hiring decisions in the U.S. or elsewhere,” he cautioned. “As such it is still likely trade uncertainty will weigh on economic activity, and the Fed will cut rates to ward-off the headwinds.”

Futures imply around a 72% chance the Federal Reserve will cut interest rates at its meeting later this month. FEDWATCH.

BIG WEEK FOR BREXIT

The progress on trade was still enough to slug safe-haven bonds with yields on U.S. 10-year Treasury notes climbing 23 basis points last week to stand at 1.74% US10YT=RR.

The yield curve also steepened as short-term rates were held down by news the Fed would start buying about $60 billion per month in Treasury bills to ensure “ample reserves” in the banking system.

The rally in risk assets saw the yen ease across the board and the dollar was steady at 108.40 JPY= early on Monday after hitting a 10-week top around 108.61 on Friday.

The dollar fared less well elsewhere, partly due to a jump in sterling, and was last at 98.431 against a basket of currencies .DXY after losing 0.5% last week.

The dollar also dipped on the Chinese yuan to stand at 7.0868 CNY=.

The pound was trading cautiously at $1.2608 GBP= having surged to a 15-week high around $1.2705 on Friday on optimism Britain could reach a deal on Brexit with the European Union.

However, officials from Downing Street and the EU said on Sunday a lot more work would be needed to secure an agreement on Britain’s departure from the bloc.

The two sides will hold more talks on Monday ahead of a summit of EU leaders in Brussels on Thursday and Friday.

The general improvement in risk sentiment saw spot gold ease another 0.4% to $1,483.90 per ounce XAU=.

Oil prices steadied after jumping on reports an Iranian state-owned oil tanker had been attacked in the Red Sea.

Investors were also anxiously watching Turkey’s incursion into Syria as the White House threatened to impose heavy sanctions on Ankara.

Brent crude LCOc1 futures were up 8 cents at $60.59, while U.S. crude CLc1 rose 9 cents to $54.79 a barrel.

Source :
reuters
Tags: AsiaChinaEconomyUnited States
Previous Post

India tightens security clampdown ahead of divisive temple ruling

Next Post

Up to 35 dead as Typhoon Hagibis slams Japan

Related Posts

U.S. attack on the Capitol: The “Bud Light Putsch”, a watershed moment for America?
Asia News

U.S. attack on the Capitol: The “Bud Light Putsch”, a watershed moment for America?

January 18, 2021
How Israel’s Likud Party played the long game toward annexation of the West Bank
Commentary

How Israel’s Likud Party played the long game toward annexation of the West Bank

January 11, 2021
How the Capitol riot exposed our national security blind spots
Bilateral

How the Capitol riot exposed our national security blind spots

January 11, 2021
‘Good riddance,’ says China as Germany leaves UN Security Council
Asia News

‘Good riddance,’ says China as Germany leaves UN Security Council

December 23, 2020
Indonesian police needs reforms, urgently & not just in Papua
ASEAN

Indonesian police needs reforms, urgently & not just in Papua

December 13, 2020
Chinese honey trap operation?
Asia News

Chinese honey trap operation?

December 11, 2020
Next Post
Up to 35 dead as Typhoon Hagibis slams Japan

Up to 35 dead as Typhoon Hagibis slams Japan

Translate

Subscription

Popular Post

U.S. attack on the Capitol: The “Bud Light Putsch”, a watershed moment for America?
Asia News

U.S. attack on the Capitol: The “Bud Light Putsch”, a watershed moment for America?

January 18, 2021
0

  Washington (21/1).     The events in the U.S. capitol, nicknamed by the far-left groups as the “Bud Light putsch”...

Read more

NGOs call for mass boycott of palm oil giant IOI

June 29, 2016
No peace for Greenpeace

No peace for Greenpeace

July 1, 2016

The Case Against Greenpeace

July 1, 2016
Children in ISIS Nusantara Media Outreach

Children in ISIS Nusantara Media Outreach

July 2, 2016
  • About Us
  • Creative Commons
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Contact Us

Topics

Follow Us

About Us

citizendaily.news is part of the citizen Daily Media Group LLC, which delivers daily news around the globe. ​

© 2012 The Citizen Daily

No Result
View All Result
  • Asia News
    • Northeast Asia
      • China
      • Japan
    • North Korea
    • Oceania
      • Australia
      • New Zealand
    • South Asia
      • Afghanistan
      • Bangladesh
      • India
      • Pakistan
    • Southeast Asia
      • Indonesia
      • Malaysia
      • Philippines
      • Singapore
      • Thailand
  • World News
    • Africa
    • Europe
      • Germany
      • United Kingdom
    • Latin America
      • Cuba
      • Mexico
    • Middle East
      • Gulf States
      • Iran
      • Iraq
      • Saudi Arabia
      • Syria
    • North America
      • Canada
      • United States
    • Russian Federation
  • Economy
    • Brexit
    • Free Market
  • Politics
    • ASEAN
    • Diplomacy
    • ISIS
    • National Defence & Security
  • Editorial
  • Environment
    • Climate Change
    • Forests
    • Water & Oceans
    • Wildlife & Endangered Species
  • Lifestyle
    • Books & Literature
    • Entertainment
    • Food & Dining
    • Religion
    • Travel
    • Tech
  • Sports

© 2012 The Citizen Daily