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.
"Given the parliamentary intervention, I would say the chance of a no-deal Brexit is around 10per cent to 20per cent," said Shane Oliver, head of investment strategy and chief economist at AMP Capital Investors in Sydney. British Prime Minister Boris Johnson wants to strike an exit deal at an EU summit on Thursday and Friday to allow an orderly departure on Oct. 31.
The United States agreed to delay an Oct. 15 increase in tariffs on Chinese goods while Beijing said it would buy as much as US$50 billion of U.S. agricultural products after tense negotiations last week.
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