Asian shares advance on U.S.-China trade progress, ECB easing

TOKYO - Asian stocks advanced on Friday as hints of progress in U.S.-China trade talks and aggressive stimulus from the European Central Bank helped counter worries about a global economic slowdown.

“Risk assets should find further support from accommodative policies, which are set to remain in vogue for some time, and not just in Europe as seen in the global easing trend,” said Esty Dwek, head of global market strategy at Natixis in Geneva, Switzerland. Trump said he preferred a comprehensive trade deal with China but did not rule out the possibility of an interim pact, even as he said an “easy” agreement would not be possible.

Philadelphia semiconductor shares index hit an all-time high while MSCI ACWI also came near this year’s high after seven straight days of gains by Thursday. The euro stood at $1.10645, having risen 0.5 percent on Thursday and staying near two-week high of $1.10875 hit in U.S. trade.The 10-year German Bund yields also rose back to minus 0.521%.

“I think a rally in stock prices will run out of steam soon. It’s typical buy-on-rumour-sell-on-fact trade on central bank stimulus and will be over by the Fed and the BOJ’s meetings,” said Tatsushi Maeno, senior strategist at Okasan Asset Management.

Prob need to edit out the word “progress” and replace with “market manipulation”

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks at six-week highs as trade war gloom lifts before ECBAsian stocks advanced to a six-week high on Thursday on hopes for a thaw in U.S....
Source: Reuters - 🏆 2. / 97 Read more »

China, Malaysia to set up South China Sea dialogue mechanismChina and Malaysia have agreed to set up a joint dialogue mechanism for the disp... i due malesiani SARANNO COME QUELLI IN FOTO ? A ME SEMBRA DI SI Two countries settle the disputes by themselves!
Source: Reuters - 🏆 2. / 97 Read more »

Bears ease grip on most Asian currencies as trade worries ebb: Reuters pollInvestors rolled back short positions on most Asian currencies over the past two...
Source: Reuters - 🏆 2. / 97 Read more »

'SNL' Announced The Show's First Asian Cast MemberBowen Yang, a current writer for the show, will make history as the first Asian cast member on the long-running series. SNL announced three new faces in all. He is full time Asian or full time comedian? Was there a part time Asian before? Thank god. I really hate it when people are only Asian Monday thru Friday only to go white for the weekend.
Source: BuzzFeed - 🏆 730. / 51 Read more »

In 45th season, 'SNL' adds Bowen Yang as its first Asian cast memberChloe Fineman and Shane Gillis are also among the latest recruits as the show gets set to return for Season 45 on Sept. 28. OMG it took 45 years? I’m embarrassed profoundly that I didn’t notice this before. I watch sporadically, but still ... Is he funny? They need funny. Who cares about his race? Stunning and brave!
Source: NBCNews - 🏆 10. / 86 Read more »

Bowen Yang Becomes First Asian 'SNL' Cast MemberA win for representation, and good jokes. bowenyang Finally? bowenyang And cute and asian! 🥰
Source: papermagazine - 🏆 409. / 53 Read more »