China-U.S. trade sends world stocks, emerging markets surging [Reuters (UK)]
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Source: Reuters
Asian shares, oil soar on Sino-U.S. trade truce | Reuters 6 Min Read SYDNEY/TOKYO (Reuters) - Asian shares rallied on Monday after U.S. and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook and a tonic for emerging markets and battered oil prices. Trade-exposed currencies led the early gains, with the Australian dollar notching a four-month peak, while the dollar dropped to one-month lows against the yuan CNH= . E-Mini futures for the S&P; 500 ESc1 climbed as much as 1.9 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS jumped 1.8 percent. China's CSI300 index of Shanghai and Shenzhen shares .CSI300 rose 2.6 percent. In Japan, the Nikkei .N225 gained 1.3 percent to a six-week high. European shares are expected to follow suit, with futures for Britain's FTSE .FTSE , France's CAC .FCHI , Germany's DAX .GDAXI rising by 1.6 to 2.1 percent. “Markets are opening with a knee-jerk boost to risk appetite but time
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