Asia stock markets cautious, seeking Sino-U.S. clarity

Asian stock markets were in a cautious mood on Thursday as investors hung on for any hint of progress in the latest Sino-U.S. tariff talks amid reports the White House could extend the deadline for a deal.

Asian Stock Markets

  • MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.2 percent.
  • Japan’s Nikkei edged up 0.1 percent to its highest for the year as a weakening yen boosted export stocks.
  • The Australian dollar, often used as a liquid proxy for China risks, gained 0.4 percent to $0.7114.

Currencies

  • The single currency was last at $1.1280 and still above the floor of a $1.1213/1.1570.
  • Sterling was also on edge at $1.1860.
  • All of which left the dollar near its highest since mid-December on a basket of currencies at 97.059.

Commodities

  • Oil prices found support as top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production.
  •  Spot gold edged up 0.18 percent to $1,308.56 per ounce.
  • U.S. crude was last up 24 cents at $54.14 a barrel.
  • Brent crude futures rose 32 cents to $63.93.

Source: Investing.com

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