Asian Shares Hit the Top in Sino-U.S. Trade Deal

Asian Shares

Today, the Asian shares peaked at their highest in the last eight months, which happened after the agreement of the United States and China with Australian shares, on a preliminary trade deal.

The Australian shares lead the way on expectations of more easing of monetary policy. The US stock future moved towards a higher point- with the S&P 500 e-minis up 0.27%. As per the early European trades, pan-region Euro Stoxx 50 futures were up 0.62%, German DAX futures were 0.5% higher, and FTSE futures rose 0.6%.

On Sunday, Robert Lighthizer, U.S. Trade Representative, said, a deal was “totally done”. The US is expecting to double its exports to China in the next two years.

Source: https://www.reuters.com/article/us-global-markets/asian-shares-jump-on-phase-one-sino-u-s-trade-deal-idUSKBN1YK01P