Asia stocks rise on upbeat Chinese PMIs; Trump tariff threat limits gains

Investing.com-- Most Asian stock markets advanced on Monday with Chinese markets leading gains following a string of positive business activity readings from the country, although overall gains were held back by threats of more tariffs from U.S. President-elect Donald Trump.

Regional markets took a positive lead-in from a record-high close on Wall Street on Friday, as investors maintained bets that the Federal Reserve will cut rates later in December. But U.S. stock index futures edged lower in Asian trade, following Trump's tariff threat.rising to 50.3 from 50.1 in October, data showed on Monday. This marks the highest reading since June, driven by stronger output and new orders, reflecting the positive effects of recent government stimulus measures.

This comes after Trump's last week vow to impose higher import tariffs against China, Mexico and Canada, which could spark a renewed trade war between the world's biggest economies.Markets will be focused on a slew of key economic cues this week for more cues on U.S. and global interest rates.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Canada Canada Latest News, Canada Canada Headlines

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

Asia stocks drift lower; Chinese shares defy Trump tariff threatsAsia stocks drift lower; Chinese shares defy Trump tariff threats
Source: Investingcom - 🏆 450. / 53 Read more »

Asia-Pacific markets rise as key Chinese policymakers gather for investment summitAsia-Pacific markets traded higher, tracking Wall Street gains buoyed by a Tesla rally.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Asia stocks muted as Trump rally cools; Fed, China stimulus in focusAsia stocks muted as Trump rally cools; Fed, China stimulus in focus
Source: Investingcom - 🏆 450. / 53 Read more »