Asian shares were trying to end a bleak week in the black on Friday as upbeat U....
SYDNEY - Asian shares were trying to end a bleak week in the black on Friday as upbeat U.S. economic news and solid company earnings offered a respite from the interminable Sino-U.S. trade saga.
“It is hard to get too excited as the news flows in the trade front points to an escalation rather than an ease in tensions,” said Rodrigo Catril, senior FX strategist at National Australia Bank. Japan’s Nikkei bounced 0.7% in early trade, while the main Australian index added 0.5%. E-Mini futures for the S&P 500 were steady.
As the earnings season winds down, of the 457 S&P 500 companies reporting about 75% have beaten profit expectations, according to Refinitiv data.DOLLAR IN DEMAND The rise in yields underpinned the U.S. dollar, which hit a two-week high against a basket of currencies at 96.882.
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