Stocks give cautious welcome to US aid deal, wary on Brexit

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U.S. stock futures traded sideways in Asia on Monday as investors gave a cautious welcome to news a deal had been struck on a long-awaited U.S.

FILE PHOTO: An investor places his hands on the back of his head in front of an electronic board showing stock information at a brokerage house in Hefei, Anhui province, China, May 2, 2012. REUTERS/StringerSYDNEY: stimulus bill, though"difficult" Brexit talks dragged on with no agreement in sight.

The news saw futures for the S&P 500 jump at first, only to fade back to flat as the morning progressed. Nikkei futures were trading firmer at 26,885, after the cash index closed at 26,763 on Friday. Another popular trade has been shorting the U.S. dollar and again positioning was looking overextended by many measures, giving the currency some respite on Monday.

 

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