Asian markets were mixed Monday as bargain-buying from last week's sharp losses was offset by a weak US jobs report and ongoing concerns about the ...
HONG KONG: Asian markets were mixed on Monday as bargain-buying from last week's sharp losses was offset by a weak US jobs report and ongoing concerns about the global economy.
The readings from across the world knocked equity markets, which have enjoyed a stellar start to the year on hopes that China and the United States will resolve their trade war. Traders are keeping a close eye on developments in the trade talks, with conflicting comments from both sides on the progress.China's vice minister for commerce Wang Shouwen said Saturday that Beijing was upbeat, a day after Donald Trump on Friday said he remained optimistic but would not sign anything but a"very good deal".
The pound was unable to recover from last week's losses with Prime Minister Theresa May struggling to get the necessary revisions to her Brexit agreement that would be passed by MPs.
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