Asian stocks climb but dearth of trade details caps gains

almost one percentage point. For the year to date, the Nasdaq has increased its value by a third, while the other indices are up by more than 20%.had its biggest daily gain in almost a year. But after the closing bell some familiar fears returned.

ITV reported Prime Minister Boris Johnson would use his huge majority to reinstate a hard deadline for quitting the European Union at the end of next year, again raising the specter of a chaotic “hard” Brexit.Elsewhere currency markets were more circumspect in the absence of many of the fine details of the trade deal. The U.S dollar recouped some of Monday’s losses, though moves were modest.

“Well, yeah, they’ve agreed a phase one deal, but what’s actually in it?” said Westpac analyst Imre Speizer. “Equity markets just want to rally, so they’ll pick on anything that seems remotely positive, but the other markets are maybe a little more thoughtful about exactly what’s going on.” Several Chinese officials told Reuters the wording of the agreement remained a delicate issue and care was needed to ensure expressions used in text did not re-escalate tensions.

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