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Thursday 8:45 am BST
What do you want to know
- Asia stores rebound in the prospect of US-China talks
- Brent gives a boost, remains in sight of $ 80
- The euro, the pound sterling and the Turkish lira remain stable before political meetings
- European markets at the beginning of the session
Overview
Asian stocks rallied on Thursday as reports the United States sought to obtain with China to defuse trade tensions. European stock markets opened, with the euro and the pound sterling holding up against the dollar ahead of today's political meetings.
All eyes will be turned to the Turkish central bank in the mid-hour of the United Kingdom, the bankers to largely feed the currency of the country with a rise in interest rates. The decision is expected to have ramifications in emerging markets. The Turkish lira fell 0.3% against the dollar before the meeting.
Hot topic
Steven Mnuchin, the US Treasury Secretary, would try to meet Liu He, China's chief economic officer, to defuse the escalation of the trade war between the two countries. The United States is trying to hold talks before US President Donald Trump responds to the threats of imposing tariffs on an additional $ 200 billion of Chinese imports.
"We received information and discussions that the Chinese government wanted to continue the negotiations," said Larry Kudlow, Trump's chief economic advisor to Fox News.
This news boosted the Hang Seng Index by 1.5% in Hong Kong, as all stocks in the index, at bar two, climbed. The jump was a stay for the Hang Seng, which fell into a bear market Tuesday, closing more than 20% below its January high, because of concerns about trade and emerging markets between China and the United States. United.
In Japan, the Topix was 1.2% higher at a week-high, with significant gains in all sectors. Energy sector was the biggest gain, up 2.4% due to higher oil prices following Iran's impending sanctions and hurricane approach on the coast US.
Kospi of South Korea grew by 0.1%.
Australian inventories were the lowest, down 0.5%, despite a gain of 1.2% for the basic materials segment.
During the night on Wall Street, the S & P 500 closed lower and the Nasdaq Composite closed down 0.1% after the US tech stocks were hit by the sell.
Forex and fixed income
The dollar index was at its lowest level in two weeks after consulting reports of potential trade talks. The yen fell 0.1% to ¥ 111.39 and the pound was little changed to $ 1.3048 while the euro rose 0.1% to $ 1.1635.
The Chinese onshore renminbi, which is allowed to trade 2% on both sides of a daily midpoint set by the People 's Bank of China, has strengthened by 0.2% to 6, 4443 billion after progressing at the previous meeting. The offshore renminbi fell 0.1% to 6.8445 billion.
The 10-year US Treasury yield was almost a basis point above 2.97%, while the Japanese maturity bond yield was 0.102%.
Basic products
Oil prices fell slightly after Brent crude oil surpassed $ 80 a barrel in the previous session, due to concerns over sanctions imposed by Iran and a major hurricane to the east coast of Canada. United States. The benchmark fell 0.4% to $ 79.41 per barrel, but remained visible at the peak of this year, while West Texas Intermediate lost 0.6% to $ 69.92 per barrel .
Additional report of Edward White in Taipei
For market updates and comments, follow us on Twitter @FTMarkets
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