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Home / Business / Asian stocks traded in the dark are cleared up by Trump By Reuters

Asian stocks traded in the dark are cleared up by Trump By Reuters





By Wayne Cole and Swati Pandey

SYDNEY (Reuters) – Asian equity markets rose Tuesday and Europe is expected to follow as investors wait for President Donald Trump's speech on US trade policy and news, which he will probably delay deciding whether or not to impose tariffs on European cars.

EU officials announced that Trump should announce this week that it expects to delay the tariff decision on cars and car parts imported from the European Union for another six months.

The news later awoke expectations for Trump's speech over his government's longstanding trade war with China.

MSCI's broadest index of Asian Pacific equities outside Japan rose 0.5%, after plummeting by 1

.2% on Monday.

] Japan, which fluctuated on both sides of the plane for most of the day, was 0.8% higher. However, Shanghai's blue chips fell 0.2% after credit growth fell short of analysts' estimates, while Australian equities also fell.

The E-Mini futures for the S & P 500 rose 0.2%, while the EUROSTOXX 50 futures gained 0.4%.

A positive speech on US-China trade is likely to satisfy market participants, although the "Phase 1" deal currently under negotiation is not yet fully understood, said Jim Paulsen, chief investment officer of the Leuthold Group in Minneapolis ,

"I'm pretty close to getting things done," Paulsen said Monday. "Even if it is meaningless, it will matter."

Trump reported a false report on the willingness of the US to raise tariffs for China over the weekend.

Investors also expressed concern about the situation in Hong Kong After a violent escalation of the protests, Kong beat nearly 2% of the Asian-exposed banks HSBC and StanChart.

Hong Kong's embattled head of government, Carrie Lam, said on Tuesday that protesters who tried to paralyze the city were extremely selfish and hoped for all universities and schools called on students not to engage in violence ,

Lam spoke one day after the police shot a demonstrator and set fire to a man in some of the most dramatic scenes to conquer the city during the more than five months of unrest

BORIS GETS BREXITE INCREASE

Partial leave in the US closed the financial market on Monday and made for a quiet session on Wall Street. This ended at 0.04%, while the S & P 500 lost 0.20% and the Nasdaq lost 0.13%.

After the resumption of trading in Asia, government bonds were in demand, with yields on 10-year debt falling to 1.9070% and deviating from the returns of the last three weeks. Monthly limit of 1.97%. They were last at 1.9539.

In the currency markets, the main action was the pound sterling, which reached a six-month high against the euro on Monday after the Brexit party announced that it had not previously participated in the elections held by the Conservatives. [19659002] In a push for Prime Minister Boris Johnson ahead of the December 12 election, Brexit Party leader Nigel Farage said he did not want anti-Brexit parties to win and rejected candidates for seats on the Conservatives Won in 2017. 19659002] The pound reached 0.8582 per euro and strengthened to $ 1.2856, having risen 0.6% overnight.

Against a basket of currencies, the dollar stabilized at 98,224. The Euro rose to $ 1.1038, breaking away from a three-week low of $ 1.1015, while the dollar fell to 109.26 yen.

experienced a third day of declines, reaching its lowest level since the beginning of August at $ 1,447.89 an ounce. It was most recently traded at $ 1,450.44.

rose 28 cents to $ 57.14 a barrel, while futures $ 62.53 were up 35 cents.


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