HONG KONG (Reuters) – Asian bonds are set for a discreet start
on Wednesday as investors pierce to a sidelines before a
potentially moving assembly between Donald Trump and Chinese
President Xi Jinping after this week.
Energy counters bucked a extended trend after a rebound in oil
prices on Tuesday interjection to an random prolongation outage in the
North Sea and flourishing concerns about abating U.S. oil stocks.
U.S. wanton rose to $51.30 per tub on Tuesday, a highest
given March. 8 before settling during $51.14 per tub in opening
trades on Wednesday.
That pushed appetite and associated shares adult on Wall Street and
helped retreat waste on a broader market. Main U.S. indexes
sealed between 0.1 to 0.2 percent higher.
Wall Street’s scanty gains are doubtful to yield most support
to Asian bonds as investors sojourn heedful of holding fresh
positions before a landmark limit for Presidents Trump and Xi on
Thursday and Friday.
It will be their initial face-to-face assembly given Trump took
bureau on Jan. 20, with trade and confidence issues set to figure
MSCI’s broadest index of Asia-Pacific shares outward Japan
.miapj0000pus was prosaic with early Asian markets such as
Australia .axjo and South Korea .ks11 slightly
Major currencies traded in a slight operation forward of a recover of
mins from a Fed’s Mar assembly when it lifted interest
rates, and before a large U.S. jobs news on Friday.
The dollar edged 0.1 percent aloft to 110.82 yen opposite the
Japanese currency. The dollar index .dxy, that tracks
a greenback opposite a basket of 6 trade-weighted peers, was
broadly prosaic during 100.49. The euro was a shade stronger at
Gold was trade during $1,255.21 per ounce, only next a one-week
high strike in a prior session.
(Reporting by Saikat Chatterjee; Editing by Eric Meijer)
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