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Asian stocks rose with factory back in China and trade talks progress



© Reuters. PHOTO: Video operator shoots an electronic board showing the average Japanese Nikkei and its Tokyo Tokyo Tokyo stock indexes

Tokyo (Reuters) – Tokyo (Reuters) rose Monday as positive Chinese factory equipment and signs of progress in Sino-US Trade Negotiations Support Moods Although Another Defeat for Brexit's Proposal for UK Prime Minister Teresa May Adds Sterling Weight

MSCI's Largest MSCI Aspire Index Outside Japan added 1

%, and that of 1.7%.

Australian stocks rose 0.8%, South Korea rose by 1% and Japan advanced by more than 2%.

Markets snapped after official China PMI, released on Sunday, showed factory activity unexpectedly rising

A private business survey, Caixin / Markit PMI, released Monday, also showed the manufacturing a sector in the world's second largest economy that is returning to growth.

If improved, improving business conditions could indicate that production is on the way to recovery, alleviating fears that China may fall into a more severe economic downturn.

"Our vision is that the impact of policy relaxation is gradually increasing First progress of consistent growth indicators, such as PMI, writes economists from China at Bank of America Merrill Lynch (NYSE). , larger than expected tax and tax cuts and improved financial conditions may have helped

Asia's shares also took their Wall Street signals, with the best three-month profit for a decade on Friday amid optimism for trade . The United States and China said they had made progress in the trade talks that ended on Friday in Beijing, and Washington said the talks were "frank and constructive" because the two largest economies in the world are trying to resolve their withdrawals trade war.

"The ongoing US-Chinese trade conflict has provided a steady stream of controversial signals for the markets, but overall the talks seem to be moving towards a conclusion," said Soichiro Mons, senior strategist at Sumitomo Mitsui DS Asset Management

that the United States and China will reach a trade agreement as early as this month, allowing stocks to begin the first quarter of a positive tone. "

In the forex market against a basket of Six major currencies were slightly changed to 97,260, after reaching 97,341 on Friday, the strongest of March 11.

Green money took advantage of the flag flag that was about to release its fourth day

Sterling made its last blow after British lawmakers rejected for the third time Premier May's deal for Brexit on Friday, sounding probable death bells and leaving the country out of the European Union

The pound fell 0.1 percent to 1.3022 dollars.

The Australian dollar rose 0.4 percent to $ 0.7124. He is sensitive to changes in economic prospects for China, which is the country's main trading partner

The euro was higher than $ 1.1227, while the dollar rose 0.3 percent to 111.17 yen.

The Benchmark reached a peak of 2.444% at six-days, retreating from the 15-month low of 2,340%, eliminated on March 25th.

The 10-year yield of the Treasury was dwindling as a reluctance to risk, driven by fears of global slowdown, attracted financial markets by the end of March.

prices added on Friday, with US West Texas Intermediate (WTI) futures rising 0.5% to 60.45 dollars a barrel.

Oil prices posted their biggest quarter-on-quarter rise in January-March, with US sanctions against Iran and Venezuela as well as supply cuts driven by OPEC shadowing concern about a slowing global economy. [O/R]


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