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Wednesday at 05:00 GMT
What do you want to know
- Top Trump advisor launches warning on business progress
- Investors weigh on the effect of the G20 on the US-China dispute
- Stocks up, currencies stable before the summit
- Oil prices are rising
Hot topic
Equity markets were mainly up in the Asian-Pacific trade, despite a fresh doubt about the possibility of a stay in the US-China trade dispute.
The CSI 300 index of the main Shanghai and Shenzhen shares rose 1.2%, while in Hong Kong, the Hang Seng China Enterprises index rose 0.9%.
Haven's badets were contained, with the Japanese yen down 0.1% to 113.83 yen against the dollar and gold virtually unchanged at $ 1,214 an ounce.
Larry Kudlow, Donald Trump's chief economic advisor, said it was Chinese President Xi Jinping's responsibility to "take a step forward and come up with new ideas" to break the stalemate at the summit. G20 Friday in Argentina.
Markets have already announced bad news of the G20, but if the two executives moved away, the result would be "negative for China, but also for the United States, emerging Asia and the United States. Europe, which is already slowing down, "said Natixis senior Trinh Nguyen. economist.
"Apart from Turkey and Argentina, China is the weakest stock market since the beginning of the year. [US dollar terms]although Asian economies with a high exposure to trade and China, such as South Korea, Singapore, Malaysia, Thailand and Vietnam, are also in conflict. The United States is not spared either, "said Ms. Nguyen.
While both parties are likely to engage in a dialogue in Buenos Aires, a "major breakthrough is unlikely," said Tai Hui, strategist for JPMorgan Asset Management. "There is simply not enough time for both parties to resolve their differences when discussions between the middle and senior levels resumed in early November."
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The broader Hang Seng index in Hong Kong rose 0.9%, with most segments in positive territory and tech stocks up 2.6%. The Tokyo Topix advanced 0.5%, supported by gains in the telecommunications and technology sectors.
In Sydney, equities held up less well, with the S & P / ASX 200 losing 0.1%, while the recent collapse of Chinese steel futures – which also affected iron and steel prices. coal – continued to weigh on miners.
Wall Street ended up after hesitating, investors weighing on the prospects for trade talks between the United States and China, and following the US president's Monday threat to expand tariffs on Chinese imports .
Forex and fixed income
Sovereign and foreign exchange markets remained stable, with the US dollar index holding the previous day's gains at 97,399.
The Chinese onshore renminbi exchange rate, which operates within a 2% trading range on both sides of a daily mid-point set by the People's Bank of China, was slightly lower at Rmb 6.9535 per dollar. The offshore rate was unchanged at Rmb6.9511.
The pound was down 0.1% to $ 1.2737 while Theresa May was fighting to convince the British parliament to back a Brexit deal with the EU.
In the sovereign debt markets, the 10-year US Treasury yield remained virtually unchanged at 3.059%. On the Australian equivalent, it was 1 basis point lower at 2.618%, while the yield on 10-year Japanese government bonds remained unchanged at 0.083%.
Basic products
Oil prices rose but were still far from regaining all the ground lost during the rout last week. Brent rose 1% to $ 60.86 a barrel, while West Texas Intermediate rose 1.1% to $ 52.11.
Futures on iron ore on China's Dalian Commodity Exchange rose 1.1%. However, iron ore prices remain under widespread pressure as prospects for the Chinese steel industry weaken, ANZ badysts said.
"Prices for steel rebar fell by about 16% this month in China, which is expected to have a negative impact on steel mill profitability as winter production slows, raising fears drop in steel production larger than expected, "badysts badyze. I said.
For market updates and comments, follow us on Twitter @FTMarkets
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