Asia Stocks Cautious on Trade Talks; Euro Under Pressure
Wednesday, 24 July 2019 08:02 WIB | MARKET UPDATE |MSCI Asia PacificSaham Asia

Asian shares nudged higher on Wednesday amid hints of progress in the Sino-U.S. trade saga, while the dollar hit two-month highs on the euro as investors wagered on a dovish outcome from the European Central Bank™s coming policy meeting.

Sentiment had been helped by a Bloomberg report that U.S. Trade Representative Robert Lighthizer would travel to Shanghai next week for meetings with Chinese officials.

White House economic adviser Larry Kudlow on Tuesday called it a good sign and said he expected Beijing to start buying U.S. agriculture products soon.

Japan™s Nikkei added 0.4% in early trade, while Australian stocks rose 0.6%. MSCI™s broadest index of Asia-Pacific shares outside Japan gained 0.04%.

Source : Reuters


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