Finance Forex

Trade talk hopes and shutdown deal buoy global stocks By Reuters

Trade Talk Hopes And Shutdown Deal Buoy Global Stocks By Reuters section is one as regards those Finance, Forex categories, posted on top of our scripter Erick Emerson just as February 12, 2019, this paper can search during this tags buoy, deal, Global, Hopes, Reuters, shutdown, Stocks, Talk, trade. We are happy to joyful you as well as providing this another blogpost in reference finance as well as we always updating this chapter daily.

© Reuters. A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index outside a brokerage in Tokyo

By Marc Jones

LONDON (Reuters) – World shares and bond yields rode a renewed surge in risk appetite on Tuesday, as investors were optimistic about U.S.-China trade talks and cheered Washington’s deal to avoid another government shutdown.

Tokyo’s set the tone with its best day of the year so far () and Europe wasted little time in trying to lift the back to the two-month high it set last week.

Germany’s jumped more than 1.2 percent, after rising 1 percent on Monday, and Paris and Milan were up 0.8 percent, while London’s approached a four-month peak despite ongoing Brexit uncertainty.

The dollar hovered at a two-month high and the Australian dollar also gained. The yen and Swiss franc dipped while U.S. Treasury and German bund yields edged up as investors jettisoned safe havens.

“We have had two bits of relatively good news overnight – optimism about the U.S. shutdown not resuming and optimism about a trade deal,” said Societe Generale (PA:) strategist Kit Juckes.

“Equities are higher, bond yields are a little bit higher, yen and Swiss franc weakest overnight of the major currencies so it’s sort of risk-on rules OK!”

Juckes said he reckoned there was now a 75 percent chance that a ratcheting up of U.S. tariffs on Chinese goods at the start of March will be avoided and a 95 percent chance that another U.S. government shutdown will be dodged.

Those odds got a boost on Monday after U.S. lawmakers reached a tentative deal on border security funding, though aides cautioned that it did not contain the $5.7 billion President Donald Trump wants to build a wall on the Mexican border.

were up nearly 0.5 percent, pointing to a solid start on Wall Street later after a choppy day on Monday.

U.S. and Chinese officials expressed hopes the new round of talks, which began in Beijing on Monday, would bring them closer to easing their months-long trade war.

Beijing and Washington are trying to hammer out a deal before a March 1 deadline, without which U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent.

“There will be no winner in a trade war. So at some point they will likely strike a deal,” said Mutsumi Kagawa, chief global strategist at Rakuten Securities in Tokyo.


MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.3 percent.

Shanghai rose 0.35 percent, South Korea’s climbed 0.6 percent and Australian shares gained 0.3 percent.

The Nikkei rallied though, shooting up 2.6 percent after closing on Friday at its lowest level since early January. The Tokyo market was closed on Monday.

With the yen backtracking again, shares of exporters such as automakers and machinery makers led the charge. Separately, Deutsche Bank (DE:) noted it was 20 years since Japan cut interest rates to zero, something now standard in large parts of Europe. ()

The dollar held firm, having gained for eight straight sessions against a basket of six major currencies until Monday, its longest rally in two years.

Although the Federal Reserve’s dovish turn dented the dollar earlier this month, some analysts noted the U.S. currency still has the highest yield among major peers and that the Fed continues to shrink its balance sheet.

“The dollar is the market’s pet currency at present regardless of whether concerns about the global economy are on the rise,” currency strategists at Commerzbank (DE:) said in a note.

The dollar popped up to a six-week high of 110.65 yen. In contrast, the euro dropped to as low as $1.1267, its weakest in 2-1/2 months, and last traded at $1.1277.

In commodity markets, oil prices also ticked up as traders weighed support from OPEC-led supply restraint and a slowdown in the global economy.

futures traded at $52.68 per barrel, up 0.5 percent. rose 0.6 percent to $61.89 per barrel. Gold was a touch stronger at $1,312 an ounce. [GOL/]

You might want to go through anothers paper finance just after our related paragraph or you maybe want to find out immediately upon favoured blogpost, I'm always publishing those finance paragraph everyday for tip off as well as clue and ability to sustaining our finance along with living those financial freedom. Those chapter is updated over Erick Emerson with this title Trade Talk Hopes And Shutdown Deal Buoy Global Stocks By Reuters.

Related posts of "Trade talk hopes and shutdown deal buoy global stocks By Reuters"

Rally Eyes Resistance at 8-Month Highs

Updated weekly technicals on Gold – price rally testing Fibonacci resistance at 1322 Check out our 2019 projections in our Free DailyFX Gold Trading Forecasts Join Michael for Live Weekly Strategy Webinars on Mondays at 12:30GMT Gold prices are posed to close higher for the second consecutive week with the precious metal up nearly 1.5%...

Eurozone GDP Growth Slows, Euro Still Under Downward Pressure

Eurozone GDP and EUR: prices, news and analysis: The Eurozone economy expanded by just 0.2% quarter/quarter in the final three months of 2018 and by a mere 1.2% year/year. The poor data will do little to prop up EURUSD, which has been weakened by a stronger US Dollar. Weak Eurozone Q4 GDP Economic growth in...

Jim Cramer: The Industrials May Throw Water on the Fire in Semiconductors

By JIM CRAMER Feb 04, 2019 | 06:36 AM EST Stocks quotes in this article: HON, ITW, DWDP, LRCX, MU, AMD, TSM, INTC, KLAC, ASML, SWKS, AVGO, WDC, NVDA, AMZN Pockets of weakness in industrial are equal to pockets of strength in technologySlower orders in test and measurement and integrated circuit materials for key industrials...

Brazilian Real Vulnerable as Bolsonaro’s Reforms Risk Derailment

BRL TALKING POINTS – USD/BRL, BOLSONARO, IBOVESPA INDEX, PENSION REFORM Brazilian assets vulnerable to derailment of key policies Bolsonaro fires cabinet member amid campaign scandal Investor optimism hinges on pension reforms being passed See our free guide to learn how to use economic news in your trading strategy! USD/BRL dipped heading into Brazilian trading hours...

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.