Asian stocks, currencies gain as investor optimism grows over US-China trade deal

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Asian stocks and currencies are gaining as investors grow increasingly hopeful that the US and China can reach a trade deal on Friday. There’s a clear risk-on mood in the markets at the expense of safe haven assets, as Gold trades below $1500, yields on 10-year US Treasuries breach 1.65 percent, and USDJPY breaks above the psychological 108 level for the first time since October 1.

Investors are ready to celebrate any form of a US-China trade deal, even a limited one, after having endured trade-related turmoil since May. The amount of market fanfare will correspond with the contents of the… Read More:

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