Author: Reuters / Source: Investing.com
By Hideyuki Sano
TOKYO (Reuters) – Asian shares rose on Friday, led by a surge in Chinese equities, on hopes that Washington and Beijing are making progress in trade talks, while global bond yields moved higher after a prolonged slide on worries about the economic outlook.
European shares are expected to rise, with spread-betters tipping Britain’s FTSE, France’s CAC, Germany’s DAX to open 0.4 to 0.5 percent higher.
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.75 percent while Japan’s Nikkei added 0.8 percent.
The mood in the markets was brighter after U.S. officials said China has made proposals in trade talks with the United States on a range of issues that go further than it has before, including on forced technology transfer.
U.S. Treasury Secretary Steven Mnuchin said on Friday he had a “productive working dinner” the previous night in Beijing, kicking off a day of talks aimed at resolving the bitter trade dispute between the world’s two largest economies.
Gains on Wall Street also bolstered investor optimism. The S&P 500 on Thursday rose 0.36 percent and the Nasdaq Composite added 0.34 percent. (N)
Despite recent turbulence, the S&P 500 has gained 12.3 percent so far this quarter, which would…
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