SYDNEY - Asian shares crept higher on Wednesday as the prospect of fresh Sino-U.S. trade talks drew a guarded welcome, while the euro hit lows on a range of counterparts amid speculation the European Central Bank was near to easing policy.
White House economic adviser Larry Kudlow on Tuesday called it a good sign and said he expected Beijing to start buying U.S. agriculture products soon. The department cited concerns about “search, social media, and some retail services online” — an apparent reference to Alphabet Inc, Amazon.com Inc and Facebook Inc.Nasdaq futures fell 0.3% in Asian trade, while E-Mini futures for both the S&P 500 and EUROSTOXX 50 were all but flat.
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 $1.2440 having fallen for three sessions in a row as the outlook on Brexit got ever murkier.
Source: News Formal (newsformal.com)
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