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Asia stocks drift lower as holiday lull counters trade cheer | Malay Mail

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TOKYO, Dec 24 — Asian shares and US stock futures darted in and out of losses today, as the holiday lull offset optimism that a US-China trade deal will boost exports and corporate earnings. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.01 per cent. Blue-chip shares in...

Investors look at screens showing stock information at a brokerage house in Shanghai, China May 6, 2019. — Reuters pic

Wall Street's main indexes posted record closing highs yesterday after US President Donald Trump said an initial US-China trade pact would be signed soon. “No one can predict what will happen with US-China relations, and the US still has some tariffs on Chinese goods in place.” Shares of Boeing Co gave the Dow a big boost after the planemaker ousted its chief executive officer over a prolonged crisis following two fatal crashes of its best-selling 737 MAX jetliner.

Against the euro, sterling was quoted at 85.72 pence, close to its lowest since November 22. The pound traded at US$1.2944, close to its lowest since December 2.

 

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Oh lulled me to sleepiness indeed.

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