Asia shares are rising with optimism over trade relations between Trump and Shi
Asian stocks have risen today, after their US counterpart, after a positive conversation between US President Donald Trump and his Chinese counterpart Xi Jinping, which strengthened the hope of alleviating the tensions between the United States and China. The shares have recorded profits in Australia and Japan, and the Markets in Hong Kong and the Chinese continent have opened. The Chinese shares listed in the United States jumped 3.2% on Friday, after Trump described preliminary talks with the Chinese president as ‘very good’. On the other hand, there was a slight decline in the Asian market, while Wall Street was closed on Monday due to a holiday. This optimism came after discussions between Trump and something dealing with trade issues, the application of “Tek Tok” and the battle of the Fintanel, which can determine the characteristics of bilateral relations in the early days of the new administration. The positive atmosphere on Sunday raised the resumption of “Tik Talk” its services in the United States, after Trump announced the suspension of the implementation of the law that obliged the Chinese royal company to search for a three -month buyer. “The friendly conversation between Trump and Shi, although it is a temporary ceasefire in light of the strategic strategic competition, is an additional incentive to revive the appetite of investors to stocks,” said Kyle Roda, the chief analyst of Capital.com in Melbourne. He added: “It is striking that the Asian markets started strongly today as a result of this news, despite the limited response to the Chinese growth, which was stronger on Friday than expected.” The markets await Trump’s policy with the launch of its second term. Traders are preparing for the first days of the second term of US President Donald Trump, because he plans to issue a set of executive orders in the field of immigration, energy, federal labor and organizational reforms, with the aim of speeding up the implementation of his political agenda as soon as he accepts office. These plans include the imposition of close restrictions on the cross -border crossings and the introduction of mechanisms to carry out mass portations. “The financial markets are expected to be very volatile in the coming weeks, with the details of the new administration policies,” said Barclays analysts, led by Ajay Rajadiaksha, in a note for clients. They added: “The issuance of a hundred executive orders only on the first day, including border policies, customs duties, energy and the abolition of organizational restrictions, will put investors in a race to understand their consequences.” Also read: These are Trump’s upcoming decisions to cancel his predecessor Biden’s policy to focus on central banks and Davos elsewhere. Chinese banks maintained the most important interest rates on loans unchanged, in accordance with the expectations of “Bloomberg Intelligence”. The World Economic Forum in Davos, Switzerland, begins today, Monday, with the participation of a group of rich people and influential personalities, including Larry Fink, Ray Dalio and Mark Benioff. Trump is scheduled to address the forum three days after his inauguration by default. Waiting for the decision of the Japan Bank later in the week, attention will be paid to the expected decision of the Bank of Japan Friday, where about three quarters of economists experiencing Bloomberg expect their opinions to increase the bank the most important interest rate. The bartial contracts indicate the possibility of raising interest by up to 99%. According to Bloomberg’s reports, bank officials see a good opportunity to increase interest, provided Trump’s policy does not cause major negative surprises in the short term. A new digital currency from Trump, the latest digital code launched by US President Donald Trump, has filed the cryptocurrency market and attracted billions of dollars in trading volumes while raising concerns about the conflict of potential interests. On the other hand, the broader cryptocurrency market had pressure, as the price of “Bitcoin”, the largest digital currency, fell 3.5% on Monday. The dollar stops a series of long profits, the US dollar Bloomberg index rose more than 5% during the ten weeks that followed the election day, but it ended Friday the six -week bargain chain. These profits were similar to those achieved by the dollar after Trump’s victory in the 2016 election. This increase is due to the weakness of global currencies that are considered the risk of Trump’s economic policy, including the euro and the Canadian dollar. The Chinese Yuan has lost more than 3% to the dollar since November 5 due to the risks associated with customs tariffs and the larger gap between the returns of US and Chinese bonds. The Chinese People’s Bank has used several tools to support the currency, which has reduced expectations of decline since it reached its peak in early December. In the commodity markets, oil prices stabilized before the inauguration of US President’s election Donald Trump, amid an anticipation in the markets for a period of uncertainty and possible unrest at the beginning of his second term in the White House. The most important economic opportunities this week: Monday: The beginning of the annual World Economic Forum in Davos. Donald Trump is the president of the United States to become the 47th president. Tuesday: Unemployment claims and unemployment rate in the UK. Consumer Prizes Index (CPI) in Canada. Wednesday: The New Zealand consumer prices index, interest and inflation data in Malaysia. Retail sales and inflation data in South Africa. A speech by European Central Bank President Christine Lagard and other officials during the Davos Forum. Thursday: GDP data in South Korea. Consumer confidence in the Eurozone Friday: Inflation data and interest in Japan. Puritan managers (PMI) in India, the Eurozone and the United Kingdom. Words of European Central Bank President Christine Lagarde and CEO of Black Rock Larry Fink in Davos.