‘Trump trade’ lifts dollar, Asia stocks await China news

Asian shares steadied on Thursday ahead of a housing policy briefing in China that has raised expectations of support for the ailing property sector, while the dollar stood near 2-1/2 month highs on the prospect of a Donald Trump presidency. Global bonds rallied after a surprisingly large drop in British inflation and as the European Central Bank is expected to announce its first back-to-back rate cut in 13 years. The U.S. dollar stood near more than two-month highs as prediction markets showed Republican Trump leading the U.S. presidential race.Read More