Gold Silver Reports (GSR)- Equity benchmarks fluctuated across the region and U.S. equity futures declined. A recovery in U.S. equities from a technology-fueled drubbing on Monday seemed to be largely overshadowed by the Trump administration’s announcement that came after the close of stock trading in New York. Treasuries were steady after sliding Tuesday as risk appetite returned.
Asian stocks were mixed as traders awaited #China’s response to the latest step in an escalation of #trade #tensions between the world’s top two economies. The yen pared losses as the U.S. issued its list of Chinese #products proposed for tariffs. 🙂
— Gold Silver Reports (@goldsilverrepor) April 4, 2018
“The key thing is whether we have confrontation going forward, or dialogue,” said Richard Titherington, chief investment officer for emerging markets and Asia-Pacific equities at JPMorgan Asset Management in Hong Kong.
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“As long as we don’t see a really significant upsurge in trade protectionism” and the dollar stays stable, Asian equities and emerging markets more broadly should keep outperforming. – Neal Bhai Reports (NBR)