Asian shares climbed and United States (US) equity futures fluctuated as investors prepared for news on pivotal US-China trade talks, with tariff hikes set to kick in today. The yuan remains near its weakest since January.
With an improving global macroeconomic backdrop and relatively cheap valuations after a torrid 2018, the omens are looking better for Southeast Asian stocks next year.
Most Asian equities fell as traders await US and European central bank meetings this week for further clues on the 2018 policy outlook. The dollar was steady and oil extended gains above $58 a barrel.
Asian markets rallied on Friday, bringing a volatile week to a positive end as tech firms extended their rebound while investors tracked advances on Wall Street following reports Donald Trump is planning to unveil a big-spending public works plan.
Asian stocks were poised to rise following a broad-based rally in US equities and as a weaker yen looked set to buoy Japanese shares. The pound jumped on speculation that Ireland and Britain were close to a Brexit deal.
Asian stocks are poised for the longest losing streak in two years as the technology, mining, consumer and industrial sectors led declines. Japan equities fell sharply, as did Hong Kong’s Hang Seng Index.
Singapore seafood hawkers have been competing for decades in the city-state’s notoriously cutthroat culinary scene. Now they’re vying for the favor of stock market investors.
Singapore Exchange’s chief executive officer said his company is still in the running to win a listing of the shares of oil giant Aramco, in what could be the world’s biggest initial public offering.