Asia Stocks to Rise as Trade Talks Go Into Friday

Asian stocks looked set to gain as high-level U.S.-China trade talks progressed into a second day and optimism grew that a truce can be achieved. Treasury yields jumped and U.S. equities climbed. Shares opened higher in Sydney, while futures rose in Tokyo and Hong Kong. U.S. contracts extended gains after President Donald Trump said discussions with Chinese counterparts are going “really well” and that they will continue on Friday. Ten-year Treasury yields rose to 1.67%, while the yuan climbed. The dollar declined. The pound surged on talk of a Brexit deal. Market expected to rally again today

TECHNICAL CHARTS

KEY POINTS

  • CNPF showed bullish momentum last week after the company signed three MoU’s to sell its products in Russia.
  • Price is expected a Pullback before the next rally
  • FMETF laos expected to rally before the year end
  • Learn to take profit and add-on

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Article by: Ashok – Strategic Coach & Mentor – Philippine Stocks

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