Asian share markets were looking to steam higher on Friday amid reports a last-g...
SYDNEY - Asian share markets were looking to steam higher on Friday amid reports a last-gasp trade deal had been struck that would avert new U.S. tariffs on China, while Prime Minister Boris Johnson’s Conservative Party looked to have won a clear majority in the UK elections.
FILE PHOTO: A woman points to an electronic board showing stock prices as she poses in front of the board after the New Year opening ceremony at the Tokyo Stock Exchange , held to wish for the success of Japan's stock market, in Tokyo, Japan, January 4, 2019. REUTERSto hit its highest since mid-2018, and reached levels on the euro not visited since mid-2016.
A wave of trade relief overnight had already lifted Wall Street to record highs while hammering safe-haven sovereign bonds and the Japanese yen. Exit polls suggesting the ruling right-wing Conservatives could gain a commanding 368 seats in Britain’s Parliament seemed to settle another uncertainty and added to the cheer..N225Sentiment had soared on reports the United States has reached a “phase-one” trade deal in principle with China, and President Donald Trump had signed off on it.
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