Stocks rise on cautious Brexit deal hopes, oil extends losses

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Asian stocks and Wall Street futures inched higher on Tuesday as some investors held out hope that Britain still had a chance to avoid a messy ...

TOKYO: Asian stocks and Wall Street futures inched higher on Tuesday as some investors held out hope that Britain still had a chance to avoid a messy exit from the European Union at key negotiations this week.

The focus has now shifted to Europe where officials from Britain and the EU will meet at a make-or-break summit on Thursday and Friday that will determine whether or not Britain is headed for a so-called no-deal Brexit. However, diplomats from the EU have indicated they are pessimistic about Johnson's proposed solution for the border and want more concessions.The yen , often considered a safe haven in times of economic uncertainty, held steady at 108.35 versus the dollar.

 

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