LONDON/SYDNEY Stocks rose and the pound gained on Friday as the prospect of a China-U.S. trade deal and an election victory for Britain's Brexit-backing Conservative Party cleared two of the darkest clouds on the global investment horizon.
LONDON/SYDNEY, Dec 13 Stocks rose and the pound gained on Friday as the prospect of a China-U.S. trade deal and an election victory for Britain's Brexit-backing Conservative Party cleared two of the darkest clouds on the global investment horizon.
LONDON/SYDNEY, Dec 13 Shares already trading at record highs piled on the gains and the pound soared on Friday as a last-gasp Sino-U.S. trade deal and a thumping election win by Britain's Conservative Party cleared two of the darkest clouds on the global investment horizon.
* Nikkei highest since Oct 2018 on reports of Sino-U.S. trade deal
* Nikkei highest since Oct 2018 on reports of Sino-U.S. trade deal
* Nikkei highest since Oct 2018 on reports of Sino-U.S. trade deal
* Nikkei futures up sharply on reports of Sino-U.S. trade deal
SYDNEY, Dec 13 Asian share markets were looking to steam higher on Friday amid reports a last-gasp trade deal had been struck that would avert new U.S. tariffs on China, while Prime Minister Boris Johnson's Conservative Party looked to have won a clear majority in the UK elections.
SYDNEY Analysts have nudged up their forecasts for the Australian dollar as the currency proves resilient to global trade uncertainty and poor economic news at home, though the risk of radical policy easing looms for next year.
SYDNEY Australian retailers had it tough in October as skittish consumers chose to hoard any windfall from lower interest rates and tax rebates, likely heralding another quarter of disappointment for the economy.
Chinese Premier Li Keqiang met with Hong Kong leader Carrie Lam in Beijing on Monday, saying the Asian financial hub was not yet out of the "dilemma" facing the city's economy after months of sometimes violent protests.