Thursday, 13 Aug 2020 03:28 PM MYT
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 per cent, while gains in semiconductor makers drove Japan’s Nikkei 1.8 per cent higher to a six-month peak. “People are looking at the glass half full, and testing the waters,” said Bank of Singapore currency analyst Moh Siong Sim. Today US 10-year yields retraced a touch to 0.6638 per cent, gold steadied at US$1,926 an ounce and the dollar was back under pressure against the euro.
“With that in mind, we zoom in on the US-China tensions which might start to feature more prominently,” he said. But China is lagging behind in farm goods and energy purchases and, Bloomberg News reported yesterday, will likely raise other areas of two countries’ growing conflict during the trade talks.Markets are still eagerly awaiting a breakthrough in wrangling over the next US stimulus package. Little sign of progress is unhelpful for the US economy and helped the euro poke back above US$1.18 and sterling to edge ahead.
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