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Asian bulls dare hope for trade talks, incentive from Reuters



© Reuters. A man looks over an electronic dashboard showing information about his stock exchange activity in a Nanjing brokerage house. – US trade talks in Washington this week and bigger incentives from big central banks. MSCI's broadest MSCI index for non-Japanese Asia-Pacific stocks rose by 1%, recovering from a sharp decline last Friday. Japan rose 1.8% to its highest level for the year so far, while Australia's main index rose 0.7%.

Shanghai's blue chips jumped 1

.6 percent.

But the E-Mini futures for the apartment were flat, as trade was cut from a break in US markets.

And Nasdaq boasted their eighth consecutive weekly winnings from bets that the US and China would have reached an agreement to resolve their long-running trade war. Both sides will resume talks this week after US President Donald Trump said he could extend the deadline for a deal on March 1. They both announced progress in five-day talks in Beijing last week.

"This does not rule out an obstacle or two between now and the beginning of March," CBA analysts said in a note.

"Still, we still think that both sides have good reasons to want to reach an agreement, and so motivated it makes the agreement more likely than not."

The expectations for a more reflexive The need for incentives was highlighted on Monday by data showing a sharp decline in Singapore's exports and a major drop in foreign orders for Japanese machinery.

Beijing is already taking action with Chinese banks, which make the most new loans recorded in January, in an attempt to accelerate investment.

The minutes of the last Fed policy meeting should be published on Wednesday and should provide more guidance on the likelihood of rising interest rates this year. It is said that the bank will maintain much greater balance than previously planned.

Given the range of speakers after the January meeting to support "patience," the Fed's minutes should repeat the overall message, "said TD Securities analysts in a note.

Calling Fed officials spoke at various events this week, including a Friday roundtable on the future of the balance. WASHINGTON (Reuters) – The European Central Bank's Olli Rehn told a German newspaper that the latest data suggest weakening the eurozone economy and interest rates will remain at the current level until the monetary policy goals are met.

This was against a background of speculation that the ECB would launch a new round of TLTRO to support bank lending. before rejoining speech speeches by Fed officials.

The single currency reached $ 1,1309, but was still in the $ 1.1213 / 1.1570 range that ran from mid-October. The dollar was stable against the yen at 110.53, retreating from the two-month high of 111.12

Sterling was more firm at $ 1.2909 before Brexit's talks between British Prime Minister Teresa May and European Commission President Jean-Claude Juncker.

All this left the dollar at 96.811 for a basket of currencies, moving away from the top of 97,368 last week.

In commodity markets, they gained 0.28% to $ 1324.70 per ounce.

Oil prices have peaked for the year so far, backed by OPEC's supply cuts, and US sanctions against Iran and Venezuela. [O/R]

was 36 cents to $ 55.95 a barrel, while futures rose 20 cents to $ 66.45.


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