Asian share markets firmed on Monday as signs of progress in the Sino-U.S. trade...
Nikkei futures were trading at 22,080 NKc1 compared with a Friday close of 21,798 in the Nikkei cash index. E-Mini futures for the S&P 500 ESc1 nudged up 0.2% after jumping on Friday, while EUROSTOXX futures STXEc1 were little changed.
The emerging deal, covering agriculture, currency and some aspects of intellectual property protections, would represent the biggest step by the two countries in 15 months.“We have seen a truce established, and then broken, before,” said Tai Hui, chief market strategist for Asia at JPMorgan Asset Management.
The drag from the trade war was a major reason Singapore’s central bank eased monetary policy on Monday for the first time in three years as data showed the city-state’s economy had only narrowly dodged recession.The progress on trade was still enough to slug safe-haven bonds with yields on U.S. 10-year Treasury notes climbing 23 basis points last week to stand at 1.74% US10YT=RR.
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