Asia stocks welcome trade talks, euro on defensive

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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks cautious on trade talks; euro under pressureAsian 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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asian markets rise as earnings, trade hopes provide cheerAsian markets rose Tuesday, tracking gains on Wall Street with confidence given a boost by a positive earnings season and speculation top US and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

European stocks tread water as oil gains on Gulf standoffLONDON: European stocks marked time near their opening levels in Europe and the US on Monday (Jul 22) after losses in Asia as traders readied for ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »