GLOBAL MARKETS-Asian stocks hit six-week high on trade war hopes ahead of ECB

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* Asian stock markets: * U.S. and China extend olive branches before trade talks * China stocks and yuan rise on renewed optimism * Focus on how far ECB will ease policy * Oil recovers from overnight tumble TOKYO, Sept 12 (Reuters) – Asian stocks hit a six-week high on Thursday on hopes for a thaw in U.S.-China trade frictions and expectations that the European Central Bank would kick off another wave of monetary easing by global central banks. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.4% and Japan’s Nikkei stock index rose 0.88%. Australian shares were up 0.56%. Chinese stocks rose and the yuan hit a three-week high after U.S. President Donald Trump agreed to delay an additional increase in tariffs on Chinese goods by two weeks at the request of China’s Vice Premier Liu He "as a gesture of good will." U.S. stock futures jumped 0.42% and safe-havens such as the yen, U.S. Treasuries, and gold weakened in a sign of improving appetite for risk. "Trump’s comments are likely to put a little juice in the market, but it could be gone tomorrow," said Hugh Dive, chief investment officer at Atlas Funds Management in Sydney. "Some in the market react to small changes in negotiating positions because Trump is negotiating in the open. I’m more concerned about Brexit, because there is some complacency in the EU about this." Oil prices rose in Asia, rebounding from a tumble on Wednesday, on hopes OPEC members […]

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