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Asian Stocks Set for Mixed Open; Aussie Jumps: Markets Wrap
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Asian Stocks Set for Mixed Open; Aussie Jumps: Markets Wrap
Markets remain fragile after the escalation in the trade war with China calling on the U.S. to negotiate on equal footing and Foreign Minister Wang Yi telling Secretary of State Mike Pompeo in a call that while it’s still possible to work out a deal, Beijing must safeguard its interests. A slew of U.S. data this week from home sales to manufacturing may offer some clues on the robustness of the economic expansion and Wednesday brings minutes from the Federal Reserve’s latest policy meeting. Elsewhere, Bank of America predicted Indian stocks, currency and bonds will likely rise when markets open after exit polls showed Narendra Modi is poised to retain power.
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