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Asia stocks welcome trade talks, euro on defensive

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Asian shares nudged higher on Wednesday amid hints of progress in the Sino-U.S. trade saga, while the dollar hit two-month highs on the euro as ...

SYDNEY: Asian shares on Wednesday gave a guarded welcome to hints of progress in the Sino-U.S. trade saga, while the dollar hit two-month highs on the euro as investors wagered on a dovish outcome from the European Central Bank's coming policy meeting.

The Dow had ended Tuesday up 0.65per cent, while the S&P 500 gained 0.68per cent and the Nasdaq 0.58per cent. In currencies, the dollar got a hand up from a deal to end the U.S. budget impasse, while the euro suffered a bout of nerves in case the ECB takes a more dovish turn. Sterling loitered at US$1.2433 having fallen for three sessions in a row as the outlook on Brexit got ever murkier.

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