High-level trade talks between the world's two largest economies are due to start on Thursday, but reports said that Chinese officials are growing hesitant to pursue a broad trade deal with the United States.
J.P. Morgan analysts said they are expecting a no-deal status quo while "market investors also have high hopes for a mini-deal."
A pedestrian looks at an electronic stock board outside a securities firm in Tokyo, Japan, on Tuesday, Dec. 25, 2018.Asia markets looked set to gain on Tuesday, with Nikkei futures pointing to a higher open in Japan while Chinese markets are due to re-open following a week-long public holiday.notched a 0.37% gain in early trade, with most sectors advancing. The country's so-called Big Four banks rose, with shares of National Australia Bank up 0.68% and Commonwealth Bank gaining 0.46%.
The session in Asia follows a muted performance on Wall Street overnight where stocks dipped slightly. "Investors are very focused on the US-China trade talks and ongoing Brexit discussions in what is generally a quiet week for data," Rahul Khare from ANZ Research said in a morning note. "The market continues to debate the degree of easing required from the Fed following the recent fall in unemployment but weakening activity indicators."
High-level trade talks between the world's two largest economies are due to start on Thursday, but reports said
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