Oil eased in Asian trading Monday after President Donald Trump said trade talks with Beijing were progressing, while casting doubt on how far the White House was prepared to bend in removing tariffs.
Brent crude futures were down 0.3%, after rising 0.4% on Friday. The global crude benchmark gained 1.3% over the past week. Trump said Saturday that negotiations with China are moving along œvery nicely, and said the leaders in Beijing wanted a deal œmuch more than I do....
Tokyo stocks opened higher on Monday, helped by rallies on Wall Street amid increasing optimism over the US-China trade talks.
The benchmark Nikkei 225 index climbed 0.21 percent or 49.05 points at 23,440.92 in early trade, while the broader Topix index was up 0.36 percent or 6.12 points at 1,708.89.
The dollar held near multi-week highs on Monday amid optimism that the United States and China would roll back tariffs that have hurt global growth.
Against the Australian dollar the greenback stood just below a two-week peak at $0.6857. Against the New Zealand dollar, it was close to a month high at $0.6336, and likewise against a basket of currencies at 98.358.
Moves were slight as traders kept a wary eye for further news on the U.S.-China trade war.
The dollar was marginally weaker...
Asian shares edged higher on Monday after U.S. President Donald Trump said over the weekend that trade talks with China were moving along œvery nicely, though uncertainty remained over whether a deal would be signed this year.
Japan's Nikkei was up 0.2% to inch closer to a recent 13-month high. Australian shares rose 0.5% to a two-week high while South Korea's KOSPI was off 0.2%.
That left MSCI™s broadest index of Asia-Pacific shares outside Japan 0.05% firmer at 534.63, testing a...
Japanese shares consolidated their gains on Monday after a strong rally over the past few weeks on hopes of a U.S.-China trade deal, but fresh violence in Hong Kong dampened sentiment.
The Nikkei share average slipped 0.20% to 23,343.92, easing from a 13-month high hit on Friday, while the broader Topix was flat at 1,702.77.
U.S. President Donald Trump said on Friday he had not agreed to a rollback of U.S. tariffs sought by China, raising some doubts on the chance of a deal, though he said...