News Formal

Stocks cheer trade reprieve, bonds reconsider rate cuts

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 66%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Stocks rallied while bonds retreated in Asia on Monday as a thaw in the Sino-U.S. trade dispute tempered risks to the global economy, leading ...

LONDON/SYDNEY: Stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks, leading investors to pare wagers on aggressive policy easing by the major central banks.

These included no new tariffs and an easing of restrictions on tech company Huawei in order to reduce tensions with Beijing. China agreed to make unspecified new purchases of U.S. farm products and return to the negotiating table.Advertisement E-Mini futures for the S&P 500 and Nasdaq rose 1.1per cent and 1.7per cent each too whereas in the bond market Treasury futures slid 10 ticks as yields on 10-year notes edged up 4 basis points to 2.04per cent.

Surveys from Japan and South Korea showed similar slowdowns as did the 19-country euro zone's reading which contracted for fifth month running and at a faster pace than previously thought.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global stocks enjoy relief rally in Asia, bonds retreatStocks rallied while bonds retreated in Asia on Monday as a thaw in the Sino-U.S. trade dispute tempered risks to the global economy, leading ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Shanghai: Stocks surge at open on Monday[SHANGHAI] Shares in China rallied at the open on Monday as investors cheered the agreement between Donald Trump and Xi Jinping to restart trade talks. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Singapore stocks: STI resumes Monday trading at 3,363.45, up 1.3% on daySINGAPORE stocks resumed trading in positive territory on Monday, with the Straits Times Index gaining 41.8 points or 1.3 per cent to 3,363.45 as at 1.01pm. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Stocks relieved at trade truce, bonds step backStocks rallied while bonds retreated in Asia on Monday as a thaw in the Sino-U.S. trade dispute tempered risks to the global economy, leading ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »