Global Markets: Asian shares rise after Powell speech, stronger yuan lifts China [Reuters]
China Southern Airlines Company Limited (ZNH)
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Source: Reuters
Global Markets: Asian shares rise after Powell speech, stronger yuan lifts China | Reuters 5 Min Read SHANGHAI (Reuters) - Asian shares rose on Monday, taking heart from comments by the Federal Reserve chairman that drove Wall Street to record highs on Friday, and as a tweak to the way China’s central bank manages its currency boosted the yuan and stocks. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.1 percent, while Japan’s Nikkei stock index closed 0.9 percent higher. European share markets were set to follow Asia higher, with European spreadbetters expecting Germany’s DAX to gain 45 points to 12,439 and France’s CAC 40 expected to open 22 points higher at 5,454. Adding to the positive mood, U.S. and Mexican trade negotiators appeared close to reaching a common position on the North American Free Trade Agreement (NAFTA), with Mexican Economy Minister Ildefonso Guajardo saying on Sunday that talks have “continued to make progress”. A prospective trade deal with
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