Asian markets were in a mixed mood on Thursday as fears the U.S. trade tussle wi...
SYDNEY - Asian markets were in a mixed mood on Thursday as fears the U.S. trade tussle with Mexico would further depress global growth, warred with wagers central banks would have to respond with fresh stimulus.
“Immigration discussions at the White House with representatives of Mexico have ended for the day. Progress is being made, but not nearly enough!” Trump said in a tweet on Wednesday evening. Talks will resume on Thursday. Wall Street had still ended Wednesday in the black, but only because investors reckoned the Federal Reserve would have to cut rates as insurance against a slowdown.
In currency markets, the safe-haven yen was again in demand and nudged the dollar down 0.2% to 108.22. The dollar fared better against a basket of currencies to trade at 97.302, having bounced from a seven-week low overnight.Its near-term fortunes lie with the European Central Bank which is expected to attempt to give an ailing economy a fillip at a policy meeting later on Thursday.
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