Asian stocks hit a six-week high on Thursday on hopes for a thaw in US-China trade frictions and expectations that the European Central Bank would kick off another wave of monetary easing by global central banks.[TOKYO] Asian stocks hit a six-week high on Thursday on hopes for a thaw in US-China trade frictions and expectations that the European Central Bank would kick off another wave of monetary easing by global central banks.
US stock futures jumped 0.42 per cent and safe-havens such as the yen, US Treasuries, and gold weakened in a sign of improving appetite for risk."Trump's comments are likely to put a little juice in the market, but it could be gone tomorrow," said Hugh Dive, chief investment officer at Atlas Funds Management in Sydney."Some in the market react to small changes in negotiating positions because Trump is negotiating in the open.
Investors also await an ECB meeting later on Thursday to see how far policymakers will go to support a flagging economy, given the risks posed by Britain's divorce from the European Union, commonly referred to as Brexit.The US dollar briefly rose to a six-week high of 108.11 yen before paring gains slightly to trade up 0.17 per cent at 108.04 yen.
The gestures of goodwill raise hopes both sides can narrow their differences before working-level talks resume in mid-September and high-level trade negotiations that are expected in October. Germany is at risk of falling into recession and inflation expectations sliding, but ECB President Mario Draghi, who hands over the leadership of the central bank to Christine Lagarde at the end of October, will face resistance to aggressive easing from more conservative ECB members.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Fonte: BusinessTimes - 🏆 15. / 51 Leggi di più »
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »