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Asian shares raised by China, automatic merger, but gains capped by Reuters




© Reuters. Pedestrians are reflected on an electronic board showing stock prices outside a brokerage in Tokyo

By Andrew Galbraith

SHANGHAI (Reuters) – Asian stocks rallied on Tuesday lifted by gains in China, and then car companies climbed on merger news, but Den Wide Asia-Pacific equities outside Japan rose 0.31%, and the US rose 0.19% to 2,837.25.

Chinese blueprints rose 1[ads1].02% per day after data showed Chinese industrial companies' profits in April, which is expected to provide more government incentives to support the slow economy.

A planned increase in the weight of Chinese A shares in the MSCI indexes after the market closed later on Tuesday increased the shares. Søls increased by 0.13%, while Australian shares increased by 0.45%. Japan's stock index was 0.39%.

Despite today's gains, Joanne Goh, Asia Strategy Strategy at DBS in Singapore, said that the broad market sentiment was uncertain before a possible meeting between the Chinese and US presidents at the G20 summit next month.

"There is still a lack of direction in the markets with regard to all the different asset classes," she said.

"You actually see that Chinese bond yields are picking up, but that should not be the case because we expect stimulus and bond yields should start to fall off … there is a lot of uncertainty in the markets right now."

Ten-year Chinese government bond futures for the September delivery, the most traded contract, jumped 0.26% on Tuesday after falling as much as 0.71% the day before, after China's takeover of a troubled bank raised concerns about major financial risks.

"With economic indicators mixed and trade war risking lingering, the bias is still tilted towards losing ethical policies to cushion growth. We believe that the increase in long-term (Chinese) govvie yields is unlikely to be guaranteed," said DBS analysts in a

Market gains in Asia followed a relatively light session in Europe on Monday with

European auto stocks had rallied after Italian-American automaker Fiat Chrysler had confirmed that it had made a "transformational fusion" proposal to French peer [19659014] Renault (PA 🙂 in an agreement that would create the world's third largest automaker, the sector collection that played in Asia with Mitsubishi Motors Corp. in Japan, increased 4.31% and Nissan Motor Co gained 2.51%. 19659004] Shares in Hong Kong-listed Geely Automobile Holdings Ltd jumped 6.11% Preliminary results from EU elections also bowed markets after pro-union parties held firm grip on the power of elections European Parliament. Pan-European increased 0.2%.

"Although Euroseptic and anti-establishment parties do not win as many eats as expected, their influence has increased significantly. This may have implications for the political colors of key EU positions," said Rodrigo Catril, senior finance director at National Australia. Bank.

"The parliamentary composition will also have implications for the priority agenda for future EU reform, especially with respect for things like immigration, tax expenditure and fiscal union," he added, noting a decline in bond yields pointed out continued risk aversion.

The return on the benchmark portfolio 10-year German Bunds fell to -0.147% on Monday, the lowest since September 2016.

On Tuesday, US returns were also lower. Benchmark gave 2.3061%. The two-year return affected 2.1661%.

Trade concerns remain high on the investor's list of concerns. US President Donald Trump said on Monday Washington was not ready to enter into an agreement with Beijing, but he expected one in the future, while pushing Japanese Prime Minister Shinzo Abe to level a trade imbalance with the United States.

The dollar was barely weaker against the yen of 109.47 and fell 0.13% against the euro, with the common currency buying $ 1.181.

Whoever tracks the greenback against a basket of six major rivals was 0.20% higher at 97.806. 19659004] In the commodity markets, oil prices woke up by more than 1% on Monday on tensions in the Middle East and OPEC-led supply cuts, as well as continuing Russian supply disruptions following a pollution problem discovered last month.

was 0.1% lower at $ 70.04 per barrel, which previously dipped below the $ 70 mark, and US West Texas Intermediate crude added 0.82% to $ 59.11 per barrel.

was down 0.12% at $ 1.283.21 per ounce.

which on Monday affected $ 8,939.18, the highest of more than a year, increased by 0.3% to $ 8,797.4, reversed from a previous decline. Cryptocurrency peaked $ 8,000 for the first time since July 2018 May 13.



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