Stocks rally as U.S., China inch closer to trade deal

SYDNEY - Asian shares started the week on the front foot on signs the United States and China were close to striking a tariff deal to end their protracted trade war while the dollar eased as traders wagered Federal Reserve policy would remain accommodative.

That followed comments from Trump last week that he had asked China to immediately remove all tariffs on U.S. agricultural products because trade talks were progressing well. He also delayed previously scheduled plans to impose 25 percent tariffs on Chinese goods. That left MSCI’s broadest index of Asia-Pacific shares outside Japan with gains of 0.3 percent. The index has risen almost 10 percent so far this year.“Following a robust recovery for risk assets since the start of the year, a number of events in March are going to set the tone for global investors on whether this rebound is sustainable,” said Tai Hui, Asia Pacific Chief Market Strategist at JPMorgan Asset Management.

China’s CSI300 index rallied last week after index provider MSCI quadrupled its weighting for mainland shares in its global benchmarks.March is expected to be a crucial month for global markets with UK parliament voting on Britain’s exit from the European Union while the Fed holds its policy meeting, which could yield clues on plans for future rate hikes and balance sheet reduction.

In the United States, ISM data showed manufacturing activity for February dropped to its lowest since November 2016, while the University of Michigan survey showed consumer sentiment fell short of expectations in the month.

classical swing of the financial markets to try to direct an agreement according to personal advantages.

Market will explode when new deal is announced

let's pray it's true.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Stocks jump on signs U.S., China close to trade dealAsian shares gained on Monday on reports the United States and China were close ... One day, that headline will come home… He stoked and android setups Microsoft good quality app application and I have make when feeling distortion Thank u! Cha Ching
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »

Asian stocks slip as trade optimism retreats, dollar holds gainsAsian stocks slipped on Thursday after cautious comments from U.S. Trade Represe... ok ok
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »

Asian stocks shaky as Sino-U.S. trade optimism retreatsAsian stocks struggled for traction on Thursday after cautious comments from U.S... It's almost as if a couple bad actors, somehow destabilized the Global Market. I wonder who benefits from all of this....hmmmmm. TrumpRussia
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »

Huya, Qutoutiao lead China internet stocks higher after Trump delays tariff increases
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »

Credit Suisse on stocks: 'We love China at the moment'Credit Suisse sees further upside for the Chinese markets, even after shares on the mainland made their largest monthly gain in almost four years in February.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Investors don't understand just how important China is for European stocks, asset manager saysInvestors don't seem to understand the importance of China's economy for European stocks, particularly for Germany and Northern Europe, according to Philip Saunders, co-head of multi-asset at Investec Asset Management. Who are these “investors” with neither brains, nor AI ? Is that why Europe has turned a blind eye to their human rights abuses and kowtow like an eunuch these days? merkel is trash
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Foreigners Snap Up Smaller China Stocks Ahead of MSCI MoveForeign investors have piled into shares of technology-focused companies and other smaller stocks in China, encouraged by their likely inclusion in MSCI’s global benchmarks.
Sumber: WSJ - 🏆 98. / 63 Baca lebih lajut »