Asian shares inch up as investors await Trump-Xi meeting
Updated : June 28, 2019 08:18 AM IST
White House economic adviser Larry Kudlow said Thursday that Trump has agreed to no preconditions for the meeting, set to take place on Saturday at the G20 summit in Japan, and is maintaining his threat to impose new tariffs on Chinese goods.
In early trade, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.02 percent, following on from modest gains in global equity markets overnight. US stock futures, the S&P 500 e-minis, were up 0.2 percent.
Rising equity market indicators were accompanied by a minor pull-back in fixed income, with the yield on benchmark 10-year Treasury notes rising to 2.0192 percent, compared with a US close of 2.005 percent on Thursday.