LONDON: Progress in the U.S.-China trade talks helped propel world stock markets to a 6-month high on Friday and steered investors away from save havens such as the Japanese yen.
The U.S. Federal Reserve pausing its rate tightening efforts and Britain delaying its exit from the European Union has also helped lift the mood in equity markets. The optimism over progress in U.S.-China trade negotiations pushed investors away from safe haven assets such as the Swiss franc and toward riskier currencies.Channel NewsAsia - Sentifi topic widgetFurther spurring risk appetite, Reuters exclusively reported on Monday that U.S. negotiators have tempered demands that China curb industrial subsidies as a condition for a trade deal after strong resistance from Beijing.
Source: Financial Digest (financialdigest.net)
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