Stocks rally as US, China inch closer to trade deal

SYDNEY: Asian shares started the week on the front foot on signs the United States and China were close to striking a tariff deal to end their protracted trade war while the dollar eased as traders wagered Federal Reserve policy would remain accommodative.

In Asia, Chinese shares were the biggest gainers, with the blue-chip index up as much as 3 percent. Australian shares rose 0.4 percent and Hong Kong's Hang Seng index added 0.7 percent. "These policies will be influential to maintain the upbeat onshore sentiment that has driven a strong rebound in the A-share market," Tai said.China's CSI300 index rallied last week after index provider MSCI quadrupled its weighting for mainland shares in its global benchmarks.

In the United States, ISM data showed manufacturing activity for February dropped to its lowest since November 2016, while the University of Michigan survey showed consumer sentiment fell short of expectations in the month.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks jump on signs US, China close to trade dealU.S. stock futures jumped on Monday on reports the United States and China were close to striking a trade deal after a year-long tariff skirmish ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

Stocks jump as US, China inch closer to trade dealU.S. stock futures jumped on Monday on reports the United States and China were close to striking a trade deal after a year-long tariff skirmish ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

US stocks rise on China trade talks progressNEW YORK: Wall Street stocks finished modestly higher on Monday (Feb 25) on renewed optimism about a potential US-China trade deal, and ahead of ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

US: Stocks rise on China trade talks progress[NEW YORK] Wall Street stocks finished modestly higher on Monday on renewed optimism about a potential US-China trade deal, and ahead of key economic data releases. Read more at The Business Times.
La source: BusinessTimes - 🏆 15. / 51 Lire la suite »

Singapore stocks: STI resumes Monday afternoon up 0.84% at 3,247.56SINGAPORE stocks resumed trading on Monday afternoon on higher ground, with the Straits Times Index heading up 0.84 per cent or 27.16 points on the day to 3,247.56 as at 1.03pm. Read more at The Business Times.
La source: BusinessTimes - 🏆 15. / 51 Lire la suite »

Tokyo: Stocks close higher on cheaper yen, China data[TOKYO] Tokyo stocks closed higher on Friday, helped by a cheaper yen as the dollar strengthened on stronger-than-expected US GDP growth data and with the market also supported by positive Chinese data. Read more at The Business Times.
La source: BusinessTimes - 🏆 15. / 51 Lire la suite »

European stocks rally as Trump delays China tariffsLONDON: European stocks rebounded on Monday (Feb 25) after US President Donald Trump said he would delay a hike in tariffs on Chinese goods, ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »