Asian stocks surge ahead as U.S. trade worries ease

Asian stock markets started strong in early Tuesday trading, building on Monday’s global gains which saw the S&P 500 and Nasdaq log record closing highs after President Donald Trump announced a pending trade deal with Mexico, easing global trade-war worries.

Japan’s Nikkei NIK, +0.17%   rose 0.7%, briefly topping 23,000 for the first time since June 12, with exporters advancing as investors were more optimistic about U.S. trade policies. Many shippers, steel producers and auto makers were some 2% to 4% higher. Mitsui OSK Lines 9104, +2.03%   jumped 3%, while Nippon Steel 5401, +0.66%   rose 1% and Toyota 7203, +0.98%   gained 2%. Analysts warned that initial enthusiasm for the U.S.-Mexico deal is unlikely to last since tougher negotiations likely loom ahead with China and other trading partners. Read more @ https://www.marketwatch.com/story/asian-stocks-surge-ahead-as-us-trade-worries-ease-2018-08-27?siteid=rss&rss=1

WHAT IS THE TECHNICAL CHARTS SAYING ABOUT PSEi?

The moment the price crosses the Re-Test is time to engage the market.

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1 Comment
  1. storno brzinol 1 month ago

    Nice read, I just passed this onto a colleague who was doing a little research on that. And he just bought me lunch as I found it for him smile Therefore let me rephrase that: Thanks for lunch!

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