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Asian shares rally, eye Sino-U.S. trade talks


Added 01-06-19 07:03:02pm EST - “Asian shares were set for a rousing start on Monday as a dovish turn by the Fede...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Asian shares rally, eye Sino-U.S. trade talks”. Below is an excerpt from the article.

SYDNEY (Reuters) - Asian shares were set for a rousing start on Monday as a dovish turn by the Federal Reserve and startlingly strong U.S. jobs data soothed some of the market’s worst fears about the global outlook.

Investors are keen to see how Chinese markets react to the central bank’s policy easing announced late on Friday, which frees up around $116 billion for new lending.

Chinese officials also meet their U.S. counterparts for trade negotiations starting later Monday, the first face-to-face talks of the year.

U.S. President Donald Trump said on Sunday that the talks were going very well and that weakness in the Chinese economy gave Beijing a reason to work toward a deal.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.4 percent in early trade, led by a 1.1 percent jump in Australia .

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