Asian equities tack on

Asian equities tack on

On Monday, Asian equities gained after Chinese and American leaders brokered a truce in their trade clash. It appears to be a relief for the world’s economic outlook as well as a tonic for emerging markets and crude.

Trade-exposed currencies managed to lead the early profits, with the Australian dollar boasting a four-month maximum, while the evergreen buck sank to a one-month minimum versus the Chinese Yuan.

E-Mini futures for the S&P 500 managed to rally by up to 1.9%. Moreover, MSCI's index of Asia-Pacific equities ascended by up to 1.8%.

The Chinese CSI300 index of Shanghai as well as Shenzhen equities CSI300 tacked on by up to 2.6%. The Japanese Nikkei index soared by 1.3% hitting a six-week maximum.

China and America agreed to cease extra levies in a deal, which keeps their trade conflict from escalating because the two sides once again try to bridge their differences with new negotiations aimed at reaching an agreement within 90 days.

On Saturday, the White House told that US leader informed his Chinese rival during high-stakes negotiations in Argentina that he wouldn’t raise levies on $200 billion of China’s products to 25% on January 1 as previously uncovered.

Indeed, a lot of market players doubt the two leading economies are capable of bridging their differences, covering a wide array of issues, within three months.

The evergreen buck went down versus a group of its major rivals hitting 96.993, although strengthened against the Japanese yen reaching 113.52. The common currency gained 0.3% showing $1.1345.

As for the Mexican peso, it managed to grow over 1% ending up with 20.185, backed by reports that newly elected Mexican leader Andres Manuel Lopez Obrador might reverse his earlier initiative to cancel construction of a new airport in the City of Mexico.

Similar

US equities inch down

On Thursday, American equities decreased in volatile trade because optimism provoked by progress in US-China trade negotiations faded away, with market participants preferring defensive sectors, including utilities and real estate…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera