Asian markets rise as attention turns to China growth data

HONG KONG: Asian markets rose Tuesday after a slow start to the day, as investors brushed off a weak lead from Wall Street while looking ahead for the release of Chinese growth data.

High-level talks between China and the United States aimed at ending their long-running trade war are also being closely followed, with most observers optimistic they would reach a deal. "The data from both China and the US has been consistently upbeat of late, suggesting things may not get as bad as the doomsayers are proclaiming," said OANDA senior market analyst Jeffrey Halley."That said, without sounding like a broken record, a resolution of the US-China trade issues must occur before a more complete picture of what 2019 holds for the global economy can be built.

"Obviously the markets are not expecting too much and a lot of good news are already priced in, so it makes sense for the market to take a pause," Isabelle Mateos y Lago, a strategist at BlackRock, told Bloomberg TV.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks hover below nine month peak after Wall Street stallsAsian stocks hovered below a nine-month peak on Tuesday after disappointing bank earnings dented Wall Street, though recent signs the global ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Pound edges up after Brexit delay but Asian markets retreat[HONG KONG] The pound edged up on Thursday in Asia after Britain and its EU partners agreed to once again extend the deadline for Brexit, days before the cut-off for avoiding an economically calamitous no-deal divorce. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asian stocks slip from eight-month high as new trade war front opensTOKYO: Asian shares slipped from eight-month highs on Wednesday as the International Monetary Fund lowered its global growth outlook and as ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asian stocks retreat from eight-month high as Trump opens new trade war frontTOKYO: Asian shares slipped from eight-month highs on Wednesday as the International Monetary Fund lowered its global growth outlook and as the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Growth woes, trade tension douse rally in Asian sharesAsian stocks held near eight-month highs on Thursday and the dollar slipped again on expectations global interest rates will stay lower for longer ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »