Asia: Markets extend rally as eyes turn to Fed meeting

[HONG KONG] Asian markets rose on Monday as investors tracked a positive lead from Wall Street on optimism over the China-US trade talks, while attention turns to the Federal Reserve's next policy meeting this week.

The broad-based gains built on last week's advance as top officials from the world's biggest economies work on an agreement to end their long-running tariffs spat, which was a major drag on markets at the end of 2018. In early trade Hong Kong gained 0.6 per cent and Shanghai was up 1.2 per cent, while Tokyo went into the break 0.6 per cent higher. Sydney edged up 0.2 per cent and Singapore was 0.3 per cent up while Seoul, Wellington, Taipei and Jakarta were also stronger.The Fed's next meeting will be closely followed in hopes it will give an idea about its plans for interest rates, with some observers suggesting it will pare its pace of hikes in the face of a slowing global economy.

The softer rate outlook has helped push the pound up against the greenback, with the British unit also supported by easing worries the country will crash out of the EU without a deal.

Business Business Latest News, Business Business Headlines

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

Asia: Markets retreat from rally, pound stable after Brexit drop[HONG KONG] Asian markets retreated on Wednesday after two days of gains but the pound enjoyed some stability after the previous day's sharp losses sparked by Theresa May's Brexit deal being tossed out by MPs. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asia: Most markets stocks rise as Brexit deal assurance boosts risk appetite[BENGALURU] Most Southeast Asian stock markets rallied on Tuesday, with Singapore leading gains, as sentiment across broader Asia lifted after the European Commission agreed to changes in a Brexit deal, boosting appetite for riskier assets. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Investors waiting for more infoExpect markets in Asia to continue to wait on developments from the Brexit vote and news on the US-China trade deal. Until further developments and details emerge, analysts told The Business Times that markets in Singapore and Asia are likely to continue to trade cautiously...
Source: thenewpaper - 🏆 7. / 63 Read more »

StanChart suffers senior private banker exits in Asia as unit earnings sag: sources[HONG KONG] Standard Chartered PLC has seen the departure of at least four senior Asia-based bankers from its private banking unit in recent months, three people with direct knowledge of the matter said, amid growing earnings pressure at the business. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

StanChart suffers senior private banker exits in Asia as unit earnings sag: SourcesHONG KONG: Standard Chartered has seen the departure of at least four senior Asia-based bankers from its private banking unit in recent months, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Singapore tops quality of living ranking and personal safety for Asia: Mercer pollSINGAPORE has come out tops as the country with the highest quality of living in Asia-Pacific, with the highest rank in personal safety. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

StanChart suffers senior private banker exits in Asia as unit earnings sag: Sources
Source: TODAYonline - 🏆 1. / 99 Read more »