Shares in Australia rose in early trade, but Japan's Nikkei 225 is set for a lower open as compared to the index's last close.
U.S. and Chinese officials announced on Friday that the U.S. and China had finally agreed to the phase one agreement after a contentious 18-month trade war. Over in Asia, shares of Apple suppliers will be watched for any optimism on that development. Apple had bounced 1.4% on Friday to a record after the trade news. Some of the tariffs set to take effect Sunday would have impacted some of Apple's key products, including the iPhone.Markets in Asia are set for a subdued open even though trade optimism soared with China and the U.S.
Now that the Hopium is waning off, reality is striking the markets! And that reality is that the real economy is sinking rapidly and it’s only a matter of time before unemployment raises its face badly. Christmas season will also be over in a week and seasonal work is also over!
Because no one believes the Trump admin.
So futures gapped up open, no ones buying it. They just need another fake headline to pump algos and trigger stop loss short cover then puts another breath into the momentum.