Premarket: U.S.-China trade optimism lifts stocks, U.S. dollar shrugs

This translation has been automatically generated and has not been verified for accuracy.Positive noises from China on U.S. trade talks lifted European stocks on Thursday and snuffed out a modest rally in safe-haven assets that had dominated in Asia.

But it was nothing too dramatic. Ten-year yields were up no more that 2 basis point across the region, , and the major currencies barely budged too, having now got used to the constant tooing and froing of the year-long trade war. “To me, what we see is just market expectations, it is purely micro management of the market, nothing else. We have nearing a point where nobody cares about the discussions.”

Elsewhere in the region the Philippines joined the army of global central banks which have cut interest rates this month, with a 25 basis point trim to 4% Mexico could slice its 8% rates but a similar amount later too.

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