Trading talks increase optimism in the market and increase Asian stocks

Asian stocks rose on Friday after US President Donald Trump indicated the possibility of reducing customs duties imposed on Chinese goods if the official talks scheduled for this week were good. The Japanese “Topix” ​​index recorded profits for the eleventh day in a row, which has been on the way to the longest series of heights since October 2017. As for the shares in Hong Kong, they saw fluctuations. The revenue of the US Treasury remained unchanged during the opening after seeing a leap in the previous session, as traders reduced their bets to lower interest rates. Gold has also increased slightly. Investors focus on the results of the first official trade talks between the United States and China this week in Switzerland. The markets have seen some relief, and US stocks rose on Thursday after Trump offered his trade framework with the UK as the first step in his efforts to restructure the global economy, and he said he believed negotiations with China could lead to tangible progress. “I think we can also expect some progress in future agreements with other countries. There is a common vote that tends to venture through the strong performance of US stocks,” future agreements read. Trump added that the positive news of trade, as well as the efforts of Republicans to adopt legislation that extends and improves its famous tax cuts, should be a reason to invite investors to optimism. US Treasury Secretary Scott Besent and US trade representative Jimson Gryer will live in Switzerland with Chinese Deputy Prime Minister Khachy in the coming days. Trump said that if the talks are going well, he could consider reducing the customs of 145% he imposed on many Chinese goods. “The customs duties have returned to lead the market again. We see a tendency towards risk. Fear of missing opportunities with positive agreements that reduce the number of sellers,” says Luis Navle, Investment Officer of Invay & Associated Company. Japan’s chief negotiator Riusi Akazawa coincided, saying that his country and the United States agreed to reach an agreement announced by the leaders of the two countries as soon as possible. He emphasized that Japan’s position has not changed as it will continue to reconsider different customs procedures. The actual shift, although any progress with China will be the actual shift in the game, the situation is still unclear, according to Fouad Rizk Zadeh of the “City Index” and “Forex.com”. Rizk Zadeh said: “It seems that the weekend meeting between the United States and China is like a diplomatic ice breach of it through a real penetration moment. We are possibly on the threshold of a long season of troubled negotiations, which could limit the potential of sky to risky assets.” Elsewhere, India announced that it had a “offset” attacks by planes and missiles of Pakistan on Thursday night at various military sites, which has an increase in tension between the two nuclear neighboring neighboring neighbor. In the commodity market, oil prices have risen, optimistic about the possibility of reaching more US trade agreements.