Asian shares rose marginally in early trade on Thursday, with caution prevailing...
TOKYO - Asian shares rose marginally in early trade on Thursday, with caution prevailing as investors awaited some kind of resolution to Sino-U.S. trade negotiations, while the euro remained under pressure ahead of the European Central Bank meeting.
“For some time, markets had been pricing in good news, namely that the talks between the U.S. and China will likely go well,” said Tatsushi Maeno, senior strategist at Okasan Asset Management. “Now markets are having a pause.” The ADP National Employment Report showed private payrolls increased by 183,000 in February after surging 300,000 in January. Economists polled by Reuters had forecast private payrolls advancing 189,000 in February.
“Chinese macroeconomic data remains weak at the moment but I expect them to improve by the middle of the year,” said Okasan’s Maeno. The loans, known more formally as Targeted Long-Term Refinancing Operations , are expected to boost troubled euro zone lenders.
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