CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

Asian shares climb on hopes of positive US & China trade talks

Asian shares climbed to four-month highs on Friday on hopes US and China could strike a trade deal

Asian shares climbed to four-month highs on Friday, as the US and China enter into high-level trade talks.

US president Donald Trump will soon meet with Chinese president Xi Jinping to try to finalise a comprehensive trade deal, after top US negotiators began talks in Washington on Wednesday.

It comes after top US officials reported “substantial progress” in two days of high-level talks in Washington.

Trump said on Thursday he was positive that the two economies could reach a deal, calling it “the biggest deal ever made.”

Analysts say they’re mostly sceptical that a genuine trade deal can be done in such a short time frame.

Trump has said that a deal must be reached by March 1, or failure to reach a deal would lead to an increase in US tariffs on Chinese goods.

Investors trade with optimism on positive trade deal outcome

Investors remained optimistic on Friday, with the S&P 500 ending with a 0.86% gain, while the Nasdaq climbed 1.37%, still feeding off the 11% rise in Facebook shares on Wednesday. The Dow slipped 0.06%.

Equity markets relieved after the US Federal Reserve paused interest rate hikes, with investors responding by pricing in a one-in-three chance that interest rates could be cut this year.

The US dollar fell 0.6% so far this week against the yen at $108.85, finding support around $108.50.

The dollar was a shade firmer on Friday at $95.558 resulting from a pullback in the euro to $1.1446.

Oil prices held firm, with US crude futures gaining 0.4%, to $54.01 per barrel. Australian shares also started off higher on Friday, on the back of the positive Wall Street performance.

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.