Asian shares edge higher on trade truce between US and China
However, the gains seen here have been tempered with quite a bit. The Nikkei still ends the day higher with cyclical stocks leading the charge but barely sits above the 100-day MA (red line) at the close. There is a sense that the optimism seen following the trade truce isn't all that is made out to be and even US trade secretary Steven Mnuchin isn't liking the language used by China following the talks over the weekend.
Regardless, I still expect the more positive tones to last until US trading at the very least so expect risk assets to stay underpinned unless China comes out to deny the commitments stated by the US statement.
