This translation has been automatically generated and has not been verified for accuracy.Europe’s share markets hit a more than 4-year peak and bond yields shuffled higher on Thursday, as Beijing signalled a ‘phase 1’ trade deal with the United States was close to being sealed.
“Everything is moving together for now on this trade deal news,” said Saxo Bank’s head of FX strategy John Hardy. “The question is, how much was already baked into the cake and can we really see more specifics?” he added. Asia in contrast had barely budged. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped a slight 0.2%, just off a six-month high hit earlier in the week.
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