Tokyo's main index jumps with Asian stocks buoyed by US-China trade truce
As mentioned over the weekend, equities and gold should be where the action is at as we open up the new week and it's very much evident in the moves we're seeing so far. Asian equities are posting solid gains on optimism from the Trump-Xi meeting with Chinese main indices also rallying by 2% on the day.
At the same time, US equity futures are posting gains of over 1% now as they hit fresh highs for the session and that will buoy European equities as well to begin the morning.
In turn, this should keep gold and the likes of the yen and franc weaker on the day but just be wary of any more potential trade headlines to follow. I reckon the next thing to watch out for will be to see how "positive" China is about the prospects of a trade deal.
