Asian shares turn higher after positive China data
Efforts by Washington and Beijing to end their bruising nearly 16-month trade war appeared on track as U.S. President Donald Trump said on Thursday said that the two sides would soon announce a new venue for the signing of a “Phase One” trade deal after Chile cancelled a planned summit set for mid-November.
China’s doubts were “not entirely unexpected”, Greg McKenna, strategist at McKenna Macro, said in a morning note to clients, noting that the falls in equity markets overnight were relatively small. “Either way, today’s deluge of manufacturing PMI’s and then U.S. non-farm tonight will be an important factor in where markets head next,” McKenna said.
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