Free Trial

A SCMP source piece which noted that "the....>

STOCKS
STOCKS: A SCMP source piece which noted that "the U.S. and China have
tentatively agreed to another truce in their trade war in order to resume talks
aimed at resolving the dispute" leant support to regional equity markets during
Asia-Pacific hours after a fairly lacklustre start, which came after a near flat
session for Wall St. While the SCMP piece revealed little new (very similar to a
BBG sources piece earlier this week), the market reaction reiterates the broader
market's relatively pessimistic expectations heading into the G20 summit.
- The ASX 200 underperformed as the real estate and utility sectors struggled,
although the heavyweight energy and materials sectors fared well.
- Nikkei 225 +0.8%, Hang Seng +1.0%, CSI 300 +1.0%, ASX 200 unch.
- S&P 500 futures +8, DJIA futures +53, NASDAQ 100 futures +30.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.