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  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success

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2019/02/21

Stocks Pare Losses on Trade Optimism; Bonds Slip: Markets Wrap


Asian stocks pared losses and Treasuries slipped on renewed optimism for progress in the ongoing U.S.-China trade talks. The dollar steadied after Federal Reserve meeting minutes hinted at an enduring bias for rate hikes. Stocks came off their intraday lows after Reuters reported negotiators are working on six pacts for a potential trade deal. Australian, Chinese and Hong Kong shares led gains with Korean and Japanese equities underperforming. U.S. futures pointed higher. Earlier, the S&P 500 Index closed slightly higher after the Fed was seen remaining patient in its approach to further hikes without ruling them out if economic growth picks up. The yuan steadied and the yen pared gains. Australia’s dollar fluctuated as strong employment figures contrasted with a disappointing purchasing managers’ survey. -  Bloomberg 


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