Asia tries to see light in trade talks, Brexit votes
By Wayne Cole SYDNEY (Reuters) - Asian share markets edged ahead on Tuesday amid cheery chatter about the chance of a Sino-U.S.
By Wayne Cole
SYDNEY (Reuters) - Asian share markets edged ahead on Tuesday amid cheery chatter about the chance of a Sino-U.S. trade deal, while investors were sanguine yet another vote on Brexit would still avert a hard exit.
A holiday in Tokyo kept turnover light and MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> added a slight 0.13%.
Futures for Japan's Nikkei
U.S. President Donald Trump sounded upbeat on a China deal on Monday, while White House adviser Larry Kudlow said tariffs on Chinese goods scheduled for December could be withdrawn if talks go well.
Trade-sensitive technology stocks <.SPLRCT> rose 1.1%, pulling the S&P 500 <.SPX> up 0.69% and near to a record closing high. The Dow <.DJI> gained 0.21%, while the Nasdaq <.IXIC> rose 0.91%. [.N]
The better mood saw safe-haven bonds extend their recent pullback, with 10-year Treasury yields
In foreign exchange markets, the dollar found support against the yen at 108.60
The euro paused after its recent run higher and was last trading quietly at $1.1151
Sterling held firm at $1.2972
"If the House of Commons vote in favour of the deal, GBP/USD could rally towards $1.3500 over the medium term. The UK would then enter a transition period that lasts until 31 December 2020," said Kim Mundy, a currency strategist at CBA.
"If the Commons rejects the deal, GBP/USD will likely stabilise around $1.2800, because the risk of a hard Brexit will remain low," he added. "Early UK general elections would be the next most logical way forward."
In commodity markets, spot gold was idling at $1,483.70 per ounce
Oil prices were near flat as the market fretted about the health of the global economy and the future for energy demand. [O/R]
(Editing by Sam Holmes)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
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