Investors await news on China-U.S. trade talks, with both sides showing signs of nearing a deal
Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, April 3, 2019. Asian markets rose on Wednesday ahead of the continuation of trade talks between the U.S. and China in Washington.Asian shares held near an eight-month peak on Thursday as investors awaited developments on Sino-U. S.
“Risk sentiment will likely be mixed on Thursday as investors digest developments on the trade front amid disappointing U.S. economic numbers,” said Manila-based ING economist Nicholas Mapa. Risk sentiment this week was helped by media reports touting progress in Sino-U. S. trade talks. Bloomberg reported on Thursday the U.S. wanted to set a 2025 target for China to meet trade pledges.
On Wednesday, the Financial Times reported the United States and China were closer to reaching a final trade agreement.Investors are keen to see if the ongoing talks lead to an earlier-than-anticipated meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping to sign an accord.
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