GLOBAL MARKETS-Stocks rise after US government reopens for now



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* Asian Stock Exchanges: https://tmsnrt.rs/2zpUAr4

* Asia lifted after the end of the closure of the US government strengthens Wall Street

* US-Chinese trade negotiations, Brexit milestones and the Fed on the lookout

TOKYO, Jan 28 (Reuters) – Asian stocks rose on Monday as Wall Street picked up steam after the announcement of the signing of an agreement on the US government's reopening in the wake of ####################################### 39; a prolonged closure that had weighed on the opinion of investors.

The MSCI's broadest index of Asia-Pacific shares out of Japan rose 0.4%.

The Shanghai Composite Index rose 0.7% and the Hong Kong Hang Seng rose 0.5%.

South Korea's KOSPI rose 0.1%, while the Japanese Nikkei resisted the trend and eased 0.3%. Australian financial markets have been closed for their holidays in Australia.

Confronted with growing pressure, US President Donald Trump has decided Friday to temporarily end a 35-day partial closure of the US government without getting the $ 5.7 billion that he had asked Congress for construction from a wall.

In response, Wall Street largely rallied Friday, investors being relieved to see one of the longest upheavals of the US government in history.

This closure had left markets anxious, as slowing global growth, signs of tight corporate earnings, and an unresolved Sino-US trade war were raising growing concerns.

"The rise in stock markets seems to be continuing, and the reopening of the US government is definitely an badet for the market," said Soichiro Monji, chief economist at Daiwa SB Investments.

"There are still potential risk factors, such as the US-China trade line and Brexit," he said.

Chinese Vice Premier Liu He will travel to the United States from January 30 to 31 for the next round of trade talks with Washington.

In addition to the underlying concern with trade, the temporary nature of the US government's reopening – Trump has threatened to resume closure on Feb. 15 if its demands are not met – remains a cause for concern.

"In the current state of affairs, we have only 18 days left until the government closes another wall or wall, which should make things interesting for the markets," wrote Rabobank's strategists.

In the currency market, the pound hit a three-month high of $ 1.3218 on Friday, buoyed by optimism that Britain could avoid a Brexit without a deal.

Britain is about to leave the European Union on March 29, but members of the country's parliament are still far from hearing about a divorce and the long-term prospects for the pound sterling are still far from being clear.

The focus has been on Tuesday when the UK Parliament will debate and vote on Prime Minister Theresa May's "Plan B" Brexit

The euro was also at the forefront in the face of the weakening dollar, which was on the defensive before the US Federal Reserve's January 29-30 general policy meeting, where it should leave rates unchanged after taking them four times last year.

Attention will be focused on the political outlook, as the Fed has signaled a slowdown in rate hikes this year as markets speculate on a possible pause in its tightening cycle.

The single currency was up 0.05% to US $ 1.411 after gaining 0.9% on Friday, easing losses from earlier last week following European Central Bank President Mario Draghi's dovish remarks .

The dollar slid 0.2% to 109.35 yen after slight losses late last week.

The 10-year Treasury benchmark rate was little changed at 2.747% after rising 4 basis points on Friday as US stocks rose.

US crude oil futures contracted 0.4% to $ 53.48 a barrel, as the increase in the number of US rigs ended a two-day winning race.

Oil prices rose towards the end of last week as political unrest in Venezuela threatened to tighten the supply of crude oil. The United States then announced that it could impose sanctions on the South American nation's exports. (Edited by Shri Navaratnam)

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