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

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