Asia shares in waiting mode ahead of Fed, ECB events

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Asian share markets got the week off to a muted start on Monday as jaded investors awaited real evidence on progress in the U.S.-China trade ...

SYDNEY: Asian share markets got the week off to a muted start on Monday as jaded investors awaited real evidence on progress in the U.S.-China trade dispute, though sentiment found support from another record close on Wall Street.

On Saturday, Chinese state media said the two sides had"constructive talks" on trade in a high-level phone call that included Vice Premier Liu He, U.S. trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. The euro, likewise, idled at US$1.1054 having found support at US$1.0987 last week. Investors are awaiting the first major speech by European Central Bank President Christine Lagarde due on Friday for clues on future policy.Against a basket of currencies, the dollar was a shade softer at 97.954 .

 

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